Why our prices have increased
We have increased all of our prices by 9% (see our pricing tables). Any software recharges are unaffected by this change.
Our previous increase
Our current fees were effective from April 2023 and that was our first price increase since we started the business 10 years earlier. Our prices were increased by 10% in April 2023 which was the annual inflation rate at the time.
The past 2 years
Inflation has averaged at an annual rate of 5.1% between January 2023 and December 2024, which is 10.2% since our last price increase. Interest rates have also increased from 3.5% to 5.25% during that time and have only reduced to 4.75% recently. Also, the cost of employment is increasing in April 2025 due to the increase in the employer national insurance rate to 15% and the reduction of the threshold at which employers start paying it to £5,000pa. If we tried to grow our business enough to cover these additional costs, it would be detrimental to our quality of service. As such, we need to increase our fees to keep our business model sustainable.
The increase
We’ve taken the difficult decision to increase all of our fees by 9%. Our new pricing table can be viewed here. Any software recharged will only increase if your supplier increases their price, so the overall increase to our bills may be less than 9%.
An example
| Example package fees | Current £ | New £ | Increase |
| Annual+ Company | 55.00 | 60.00 | 9% |
| Xero Grow (discounted) | 28.05 | 28.05 | 0% |
| Subtotal | 83.05 | 88.05 | 6% |
| VAT | 16.61 | 17.61 | 6% |
| Total | 99.66 | 105.66 | 6% |
New clients
If you are a new client, you will pay the current fees for your first 12 months with us, or for your first set of accounts if you pay annually, then you’ll move onto our new fees.
Your options
We understand that these are challenging times for everyone and any increase to your costs can be difficult to deal with. So please get in touch if you’d like to discuss what options you may have to reduce your costs, such as changing your accountancy package or software supplier.
In arrears
Some of you are paying for our services in arrears. For example, if you started paying us the monthly accounts fee X months after the start of your accounting year, our invoice will state that the accounts fee is for the month of trading X months ago. If so, you are welcome to pay off the arrears (X months times by the monthly fee) at the current fee by 31st March 2025. Otherwise the new fee applies to all payments from 1st April 2025.
Annual invoicing
Some of you are paying for our services annually. If you provide us with your accounting records by 31st March 2025, this will be invoiced at the current fee. Any annual records provided after this date, will be invoiced at the new fee rates unless this is the first set of accounts we have done for you.
Get in touch
We hope that you find this change acceptable and necessary to maintain our quality of service. Please get in touch if you have any concerns, questions or suggestions.