Yorkshire-based accountancy firm Bohoruns have expanded their business offer, by branching out into the commercial finance sector.
The long-established firm in Leeds has traditionally specialised in providing accounting, taxation and payroll services to small businesses and business start-ups, helping them to improve their profitability and to grow.
The innovative new business arm enables Bohoruns to offer a fully-rounded package of financial services, providing end-to-end support for clients.
Additional services will include support in areas like funding VAT, corporation tax payments, accessing commercial property finance, business loans and venture capital along with alternative finance options such as asset-based lending and peer-to-peer lending.
Bohoruns’ Principal, Prakash Bohorun, a Fellow member of the ACCA, said: “We’ve always prided ourselves on offering a friendly, personalised service, having built up strong, trusted relationships with our clients. Recently, we’ve had a great deal of clients who are ready to grow their business, asking for advice on how to access the necessary finance. Others have needed help to overcome cashflow problems identified through our forecasting process.”
“At a time when face-to-face contact is widely being replaced by automated services, we’ve found that many business owners are uncomfortable about sharing their sensitive financial information with numerous, often unfamiliar, organisations. In a nutshell, they prefer to talk to one trusted individual, as their designated contact/account manager.”
“So, we decided to respond by introducing this additional function into our business mix. This has helped us to continue to develop a practice with a difference in the north and now enables us to accompany our customers along the whole of their journey – thus allowing them to obtain all their financial support in one place. We have expert advisers in place with access to over 120 finance companies available to meet each customer’s individual commercial funding needs.”
