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News - 25 October 2013

Big hitter joins Crunch

Former Skype CEO and Vice President of eBay Europe, Michael Van Swaaij, has joined the team at Hove based online accountants Crunch in the role of Chairman.

Crunch is celebrating a year of spectacular growth, as Accountancy Age this week names them the country’s fastest growing firm on its annual “Ones to watch” list.

Having celebrated its fourth birthday in April this year, Crunch is now officially the UK’s fastest growing accountancy firm. It grew by 71% between 2012 and 2013*, generating a fee income of £2.3m – more than three times faster than second place firm, Magma Partner, which grew 23%. Since October 2012, the online accounting firm’s customer base of small business and freelance clients has grown by 53% from 2,826 to 4,328, while the Crunch staff numbers have grown by 43%, from 65 to 93 today.

To oversee the firm’s continued growth, Crunch has appointed high-profile entrepreneur and investor Michael Van Swaaij, to the role of Chairman.

Michael Van Swaaij said, “Crunch has already delivered on its new approach to accountancy by providing a full team of highly experienced accountants to deal with all client needs, backed up by a highly automated, reliable and very easy to use cloud based system to improve efficiencies in the accounting processes. It’s a model that’s disrupting the sector and I’m keen to get more involved in this fast growing business, which has broken new ground and is proving hugely popular with small businesses and freelancers. I will draw on my experience from Skype and eBay to help the Board direct that growth as it moves from a successful start-up into a more established and renowned professional service.”

Darren Fell, Crunch managing director, added, “2013 has been a big year for Crunch and 71% growth shows we are clearly doing something right! What’s even more exciting is that our growth has come with only a fraction of the external investment that other companies accept. But we won’t be resting on our laurels, next year we plan to double the size of our development team, pushing Crunch forward as Brighton’s leading financial tech development firm.”

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