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Preston-based accountancy firm Simplify Business Services Limited, trading as Moxie Financials, has secured a £50,000 investment from River Capital to support its growth and expand its team in the region.
The funding comes from NPIF II – River Capital and GC Business Finance Smaller Loans, managed as part of the £660m Northern Powerhouse Investment Fund II (NPIF II).
Founded in October 2022 by ACA-qualified accountant Sian How, Moxie Financials provides outsourced daily financial management alongside strategic guidance to small and medium-sized businesses.
The firm primarily supports professional services firms, creative agencies and technology companies that have outgrown start-up status but lack a full finance function.
The loan will provide working capital to create at least four jobs over the next two years, with immediate plans to hire an accountant and a tax specialist. This will enable How to focus on business development and client acquisition. Moxie Financials also plans to step up marketing to the legal sector.
How, director of Moxie Financials, said: “This investment comes at a pivotal time for us. We’ve been gaining momentum with new clients signing up each month, and this funding will allow us to scale our team to meet this growing demand while maintaining our high service standards.”
Sue Chambers, investment manager at River Capital, added: “Moxie Financials represents exactly the type of innovative business we aim to support through the Northern Powerhouse Investment Fund II. Their unique approach to providing ‘big accountancy for small businesses’ addresses a clear market need and Sian has already demonstrated strong traction with clients across the region.”
Sue Barnard, senior manager at the British Business Bank, concluded: “Through NPIF II, we’re committed to helping ambitious businesses like Moxie Financials access the capital they need to scale and grow. The investment from River Capital will support the creation of new skilled jobs in the North West and enable the business to continue delivering high-impact financial leadership to growing SMEs.”
