FreeAgent Central, the pioneering online accounting software company, has been listed by The Guardian as one of today’s hottest and most innovative emerging companies in the tech and media industries. This news comes just days after the company was nominated web app of the year by tech magazine .Net.
Tech Media Invest 100 (TMI) is Europe’s leading network connecting high-tech entrepreneurs to investors and strategic partners through specialised events. This week The Guardian, in association with PricewaterhouseCoopers and Kemp Little, published Tech Media Invest’s top 100 companies in Europe.
Ed Molyneux, FreeAgent Central CEO comments: “This is a massive accolade for us. We are absolutely delighted with this news and extremely proud of FreeAgent and what we have achieved on our mission to democratise accounting for the small business owner.”
TMI aims to showcase high-growth companies that are developing innovative ways to serve business and consumers, and have the potential to radically change the shape of the technology and media industry.
FreeAgent online software is easy to use and gives a clear picture of profit and loss, making running a business easier and putting the small business owner in control of their finances.
As freelancers themselves, the three founders of FreeAgent Central needed a finance tool that would give them a clear picture of their business accounts. That product did not exist and so FreeAgent was born.
The software has a clean and simple design, highly intuitive and usable. It prepares VAT returns, calculates self assessed income tax and corporation tax and manages PAYE and NI. Users can monitor profit and loss, send and track invoices, track time and expenses, manage projects and payments.
FreeAgent also encourages collaboration between accountant and client by allowing accountants to login to the system, so they can offer the most up-to-date advice. Accountants can easily export trial balance data to generate end-of-year accounts.
Thirty of the best companies from this list will be invited to present their business at the forthcoming Tech Media Invest 2010, taking place on October 18th at the Cumberland Hotel in London.
The TMI Advisory Board deployed a detailed process to whittle down a pool of eligible, promising companies to get to the top 100 winners. Evaluations were made on both quantitative and qualitative criteria, such as financial performance, innovation, management, global strategy, and ecosystem integration.
Companies showcased entered the list either by applying or by nomination by the Tech Media Invest Advisory Board. The combined efforts of the Board and Selection Committee were used to evaluate companies. The resulting list was approved by Board, which consisted of some of the UK’s most experienced investors in modern technology and media – a mix of venture capitalists, investment analysts, professional advisers and technology lawyers, who applied judgement and identified the best performers and the ones to watch.
The list comprises of the following:
– Top 10 – These are the top UK entrepreneurial tech and media companies as ranked and judged by the Advisory Board
– The 90 best UK emerging and innovative Tech & Media Companies
– In addition the Advisory Board have selected the 10 tech and media industry trailblazers