Empowered By Cloud is targeting further growth after posting a record turnover of £1m.
Figures to the year end 30 April showed a 45% increase on the £692,000 figure for the previous 12 months, for the Glenrothes-based business which works solely with the construction trades and property development sector.
Established in 2018, Empowered By Cloud now works with more than 100 clients and it’s the first time the firm has hit the seven-figure milestone.
Now founder Laura Taylor is targeting £1.5m worth of sales in the coming year.
Staffing levels also grew by nearly 25%, as the Fife firm serviced its growing UK-wide client base.
“Our client retention has been good and we have hired some key individuals who have played an important part in our growth over the past 12 months,“ explained Taylor.
“We are one of the few accountancy businesses of our size to hit the £1m mark without being backed by private equity.
“The business will keep growing and I believe a target of £1.5m over the coming year is well within our reach.
“It’s been a tough year for the construction industry, but we are well placed to help firms navigate their way through the current economic conditions.”
Director Graeme Morrison added: “We have exciting plans ahead for the business which will see us continue to grow over the next year.
“To reach the milestone of a £1m turnover is a proud moment and we’re all looking forward to the next phase of Empowered’s journey.”
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