A blog from Tom Chadwick, Director, Finance at Handle Recruitment, focusing on finance talent and staffing issues within the media, entertainment and inspirational brand sectors
Accountants in Demand as Tech City Grows Up
A project to turn the Olympic media centre into a new technology cluster has been given the green light after the London Legacy Development Corporation has allowed iCity to transform the buildings after the Games. The regeneration of the site is predicted to create hundreds of jobs in the e-commerce and digital space as young start–ups move into the area.
Fast growing companies find that their business needs change beyond recognition at an alarming rate. And it’s not long before they have to call on the expertise of savvy accounting professionals to ensure growth does not exceed their capabilities. To successfully make the transition between youthful start-up and multinational organisation, decision makers have to source quality talent to manage the economics of their companies.
This is particularly apparent in the creative and digital industries where innovative founders suddenly find themselves managing complex accounts. Professionals have to possess a diverse skill-set to effectively manage finances within this industry. Those who can monitor and manage cash burn, and successfully attract investment are key to the success of fledgling brands. And a good understanding of Research & Development Relief and up to date Patient Box knowledge is absolutely vital when working with advancing technology.
Non-physical goods are often the subject of controversy with regards to revenue and customs. As legislation around these areas matures, London’s ‘Tech City’ will rely on talented accountants to support the growth and success of Silicon Roundabout.