Clear Books has announced that Phil Sayers has taken over from founder Tim Fouracre as CEO with immediate effect.
The appointment of Sayers, who joined the company as Sales and Marketing Director 14 months ago, releases Fouracre to depart to establish a new business venture. He remains the company’s single biggest shareholder but will have no involvement in the day to day running of the business. Fouracre founded Clear Books in 2008 and, like many of the small business owners that now use the company’s accounting software, worked from home for 15 months in order to get his then start-up up and running.
“Tim has always been an entrepreneur who enjoys creating new businesses and this move is something he has been thinking about for some time. Now, with Clear Books in a strong position, he feels the time is right for him to do that,” explains Sayers.
“It’s an exciting time. The company is in the latter stages of bringing two new products to market – Clear Books Micro and Practice – specifically around the issue of Making Tax Digital. We are in the process of investing heavily in strengthening the Clear Books team across all areas to ensure we significantly grow our customer base and revenue moving forward.”
Tim Fouracre is also excited for what the future holds for Clear Books:
“I started Clear Books nine years ago as an inexperienced 26 year old who was clueless about building a business but was full of determination to do so. Since then, we have helped more than 10,000 entrepreneurs run their businesses, processing more than £8 billion of invoices on our system. I am proud that our product innovation has often been ahead of our larger competitors and we have achieved top line revenue growth each and every year for the past nine years.
We have a thriving team of 25 fantastic people and over the last couple of years have been working incredibly hard to put a clear and simple focus on cloud accounting and payroll software for UK businesses. I am really looking forward to seeing what the team, under Phil’s leadership, will achieve with fresh perspective and new energy,” he adds.