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Banking, Finance & Investment: Devon pub rides the recession with innovative online accounting solution

Devon pub rides the recession with innovative online accounting solution

An online accounting product helps a Devon pub manage its finances and stay profitable through the recession

[UKPRwire, Tue Nov 03 2009] A Devon pub is thanking an unlikely technological innovation for helping them ride the worst of the UK recession.
Eighteen months ago The Holt in Honiton signed up to Libertyse, a fully online accounting package provided by local chartered accountants, Simpkins Edwards. The software puts the pub’s finances securely on the web, where they can be accessed and updated 24 hours a day.
“It’s the way forward,” says landlord Joe McCaig, who has run the pub with his brother for nearly five years. “Cash flow is vital for a pub like ours, and having anytime access to our accounts is imperative to juggle our finances.”
Mr McCaig explained that five pubs within a six-mile radius had closed during the recession, and that The Holt’s combination of excellent food, a full range of local Otter beers and attention to service had ensured regular and loyal custom at the pub. But he was clear to express the unique benefits that Libertyse has brought to the business.
“In 2008 looking at the forthcoming year we were financially scared. However summer 2009 has been good to us. Surviving is the new thriving where finances are concerned.
“Fortunately with Libertyse we get to see the whole picture all of the time. It gives us instant access to information on our takings and expenses. We have extra control of what’s going on, and the security that our accountants Simpkins Edwards can look at our accounts at any time.
“This could well be the way for accounting to go in the future. It’s no different from using Internet banking and it’s secure and simple to use. It would suit any size of business and saves us money at the same time.”
Adrian Hemmings, a partner at Simpkins Edwards, commented: “Libertyse is a fully-functional online accounting package and perfect for businesses that have remote or multiple offices or for owner-managers who travel. It also works on any PC, Mac or Linux-based computers.
“We’re delighted that The Holt has benefited so greatly from the flexibility of Libertyse, and encourage anyone looking at cost-savings from their bookkeeping to try the free demo of Libertyse at our website.”
For further details please call Simpkins Edwards on 01392 211233 or email

Company: Simpkins Edwards
Contact Name: stevelodge
Contact Email:
Contact Phone: 01884 255999
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