Member Article

Jesmond’s Speedflex to facilitate growth with PwC My Financepartner sign up

Jesmond-based health and fitness company, Speedflex has signed up to PwC’s cloud-based accounting service My Financepartner, to support the company’s expansion.

Speedflex is the new circuit-based, high intensity training concept, which has locations in Newcastle, Leeds, London, Surrey, Aberdeenshire and Dubai.

It was set up in 2011 by entrepreneur Graham Wylie and Paul Ferris, Barrister, former professional footballer and physiotherapist at Newcastle United Football Club, with shareholders including Alan Shearer and Ben Shepheard.

Paul Ferris explained: “We are still a relatively young business but with six existing locations across the globe and more in the pipeline planned for the next few years, we realised we needed an accounting tool that was customised to our needs to help support this growth.

“My Financepartner will deliver the necessary insight for planning for future growth, without being tied into long term contracts and with the security of a qualified, PwC accountant at the end of the phone for further advice.”

Peter Kelly from PwC’s my Financepartner team in Newcastle explained: “My Financepartner creates a new way for businesses to engage with accountants, enabling them to spend more time growing their business.

“Speedflex is exactly the type of innovative, fast growing business that will benefit from what My Financepartner offers. The management team will now be able to access the accounting support they need, when they need it, as well as sophisticated management information.”

Speedflex plans to expand with 100 new outlets throughout the UK and Europe over the next 24 months