Accountancy firm on the move to new waterfront offices

Financial services firm Fuel Accountancy Services has moved into new waterfront premises as part of its expansion plans.

The Plymouth firm was set up by Richard May and Simon Richards in 2018 and provides full-service accountancy and taxation support to SMEs in West Devon and East Cornwall.

It supports a diverse range of established businesses in the area, including pubs, motor dealers and the building sector. Employing nine people overall, it expects to grow its team further in 2024 following the move.

Its new headquarters is in Neptune Park, near Plymouth’s Barbican waterside neighbourhood.

Fuel made the purchase with the support of challenger bank, Allica Bank, which specifically focuses on providing no-nonsense banking to established businesses.

Co-founder and Director Simon Richards said, “As Fuel continues to grow, we needed to find a new, larger space for us to work from. This premises is modern and more energy-efficient, making it the perfect place to become our new home.

“We’re incredibly grateful to Allica for helping us purchase the property and realise this next stage of our growth. We had been trying to get a mortgage from a high-street bank for three months and nearly lost out on the opportunity. Whereas Allica made us an offer seven days after we made an application.”

Fuel’s relationship manager at Allica Bank, Matt West, said: “Fuel have a fantastic relationship with Plymouth’s business community. Their pro-active approach has helped them become incredibly successful.

“I’m really proud that Allica can become part of that journey and hopefully I can be seen as part of their wider team as our relationship grows.”