rippll is young company run by young entrepreneurs. Founded by Doug Chisholm in 2008, in response to the huge untapped potential of new handsets such as the iPhone, it is the leading UK publisher of location-based mobile applications. Its mission is to bring the content from the web to life on a mobile handset by letting people browse what's happening around them, on the move.
As a start-up business, initially backed by private funding and aiming to grow rapidly through strong investment in publishing partnerships, managing director Doug Chisholm needed to find an accountancy firm to help him structure the company, advise on a funding strategy and recommend effective shareholder agreements.
In the early stages of the business Doug chose local accountants Rothmans, based at Sutton, to help him. “There is just so much to do when you set up a new business” comments Doug, “so having someone who can not only guide you through the correct processes, but also give advise on all financial issues is just invaluable.”
Partner Graham Hindley at Rothmans oversees the team who works with rippll. “Starting a business can be a very stressful time for the owners, so setting up good accounting procedures, quickly and efficiently is important. rippll’s first year was primarily a time when it needed to fund its R&D, which enabled us to look at tax liability issues, but the business is now growing rapidly and increasing staff and investors. So our role has expanded to also handle payroll and to work with Doug on the most efficient way to structure the business moving forward.”
rippll is convinced there are near limitless opportunities for social and event-based publishers to reach consumers in ways they had never thought of previously. “The future is extremely exciting and Graham and Rothmans are key advisors in helping me look at how we run the company – for example we are exploring a structure where we can give the workforce equity.
“We recently moved to new offices in London’s Covent Garden and have already been short listed for several start up and innovation awards. Moving at this pace we need a firm of accountants who understand the business and who we feel are working with us to succeed. That’s Rothmans.”