Seed Companies

As a seed company, you’ll be looking for advice and expertise on how to gear up your business and its finances for the future.

This advice typically falls into one of three groups. You may be looking for advice on

  • what’s needed to close an investment round with your initial investors,
  • creating solid finance processes and reporting structures that will allow you to grow in the coming years, or
  • the best structure for your venture, including group structures.

Metric is used to helping ambitious seed companies and are used to working with innovative and high growth companies.

Business structure

Many young businesses come to us and seek help to structure their business to enable future growth, tax efficiency and to take exit strategies into consideration.

As a new company it may be hard to foresee what will happen in the future but with Metric’s experience, we can share – and help you avoid – the common issues.

We recognise that, for most small companies it is generally best to keep the structure as simple as possible, but we can ensure that you don’t make a misstep at this early stage that will cause problems with prospective investors in the near future.

(Once common example that we see is start-ups failing to comply with the rules regarding venture tax reliefs – such as SEIS, EIS and VCT – which may jeopardise a potential future investment.)

Early stage equity investment

Many seed businesses contacting Metric need advice and support with a planned equity raise.

Taking investment – whether its from “friends and family” or from “outsiders” is a huge step. We understand that with the cash comes increased scrutiny and pressure to deliver. The importance of keeping your investors on your side is paramount.

Founders may be familiar with schemes such as SEIS or EIS but need some detailed, expert advice to understand how this applies to their company and their potential investors’  eligibility. Often, one of the first tasks for Metric is to help founders obtain an advance assurance from HMRC to provide much-needed comfort to investors that the business is eligible for either SEIS and/or EIS. As these tax schemes can be fairly complex it is wise to seek expert advice before using these schemes.

Many of Metric Accountants’ SEED companies have raised investment through both the SEIS and EIS schemes (read more about SEIS and EIS) and are planning for a VC investment round in the future.

Cash rebates in the form of R&D/VTGR tax credits

Technology companies usually spend heavily on research and development.

For businesses with R&D costs, the ability to recover up to 30% of the amounts spent is welcome news. This cash rebate is a valuable tax incentive and can be used to undertake further R&D, support business growth or simply extend your cash runway.

For a cash thirsty young company HMRC-supported tax incentive schemes such as R&D Tax Credits and Video Games Tax Relief can be a vital cash injection.

To make sure that you make the most of this opportunity, either give us a call or read further about R&D Tax Credit share.

Developing strong and efficient financial processes

If you don’t enjoy finance and would rather spend time on your core project, don’t worry. Most founders think the same. Just because you have a good business idea doesn’t necessarily mean that you have to like working with the finance aspects of your business.

If you haven’t as yet outsourced most of your daily finance tasks, you should consider this as step one. The time you spend preparing bookkeeping and filings to HMRC could be spent on other, more customer-focussed tasks.

Most start-ups cannot justify the expense of a CFO or FD. Metric helps to fill the vacuum that this creates by providing the information that you would typically seek from your in-house finance team. This helps founders to make better informed decisions. Don’t rely on faith when running your business, make intelligent decisions based on facts!

Great firm. With been with them for over 3 years now, since the day we created the Company. Throughout they’ve been amazing.
Ed Challis, Reinfer Ltd
I approached Metric to help us set up our first business. As a start-up it’s difficult to know what to do, where to go and who to trust. Years later, we are still using Metric and class them as an integral part of our business. They are a trusted adviser and I would highly recommend their services.
Gavin Shay , Equipsme Group
Metric Accountants has been supporting the Company for the past few years. The team is very competent and understands the requirements of a tech business well. They will take all the SEIS/EIS/VAT/R&D/accounts issues off your mind so that you can focus on running your own business. They are also just lovely people to work with. I could not recommend more.
Bartosz Jaskula, Mergerlinks Ltd
Excellent, helpful, friendly and professional with competitive fees. Would highly recommend!
Neil Terry, Vidsy Media Group
Metric are fabulous business partners. They are a true extension of the team. Beyond a great service, they are true advisors.
Katie Vanneck-Smith, Tortoise Media Ltd
Metric Accountants have supported us from the founding of our company, helping us through several years of growth. They’re always available at the end of the phone and represent really excellent value for money. Choosing Metric was one of the best decisions I made!
Kat Bruce, Nature Metrics Ltd