51. Crunch

A new online accounting service for small businesses, contractors and freelancers

Founders: Darren Fell, Steve Crouch, Drew Griffiths
Website: www.crunch.co.uk

Online accounting service Crunch serves the number crunching needs of freelancers, contractors and micro-businesses. The business, which has secured investment from Bebo co-founder Paul Birch and Skype chairman Michael van Swaaij, was founded after an accountancy practice owner and web agency boss were approached with the idea by a major high street bank. The idea behind the concept was that businesses could kiss goodbye to paper expense receipts and manage their bookkeeping in one easy location. The company has since secured deals with a number of other retail banks.

Startups 100 by Startups.co.uk