Accountants’ partnership with York Science Park is a ‘successful experiment’

Tim Baum-Dixon

A Yorkshire chartered accountancy and business advisory firm has partnered with York Science Park to deliver free advice and guidance to students and startup businesses that are part of the Park’s innovative Phase One initiative.

Hentons, which is ranked as one of the top 100 accountancy firms in the UK by industry bible Accountancy Age, is offering students, entrepreneurs and start-ups free advice at a series of workshops. Covering everything from bookkeeping to cloud accounting, tax and more, the informative sessions provide invaluable, experienced advice to hundreds of people.

The Phase One initiative provides entrepreneurial start up space as well as a programme of support to students, digital, creative, tech and science innovators, helping them to turn their ideas into sustainable businesses.  Based at The Catalyst, at the heart of the University of York’s Campus East, Phase One provides the time, space and support to start, grow and develop businesses in collaboration with partners from across the region.

Tim Baum-Dixon from Hentons said: “When York Science Park approached us to partner with the Phase One initiative, we were very keen to support it.

“There is so much to consider when starting up a business. Understandably, the focus is often on refining the product or service and how to bring it to market, but fundamental accountancy principles can’t be ignored. If they are understood and implemented right from the start, it will contribute to the long-term success of the business.”

Olivia Chatten from York Science Park said: “Phase One members get personal, direct access to a range of specially selected partner organisations that use their significant knowledge, skills and expertise to accelerate members’ growth potential.

“The first workshop with Hentons, which we also opened up to entrepreneurial students at the University, was very popular, with positive feedback from attendees on its relevance and clarity. By partnering with such an experienced accountancy firm, we are giving our residents a valuable added benefit that will ultimately help business growth.”

Tim Baum-Dixon added: “It was great to work with so many talented people, who are taking their first steps into business. Our region and York Science Park in particular, are fantastic places to launch a business from, but in order to succeed, people need the right guidance. We are proud to play a part in the development of so many pioneering and original ideas and hope to continue supporting them as they come to life and grow.

“Our next workshop will take place online on 12th May and cover the basics of bookkeeping as well as discussing the advantages of Cloud Accounting.”

York Science Park is a supportive environment for over 100 businesses from various sectors including science, technology, digital and creative. With modern office space and specialist laboratory facilities, it provides flexible space, inclusive of utilities on short-term agreements.

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