Family accountancy start-up proves a hit

Family accountancy start-up proves a hit

An accountancy firm launched by a Portsmouth youngster has secured its 100th customer after a £5,000 investment from his father and grandparents.

First Choice Tax Solutions, founded in the summer by John Mabe (22), has signed up to a serviced office at five-storey Portsmouth Technopole after a strong start in business.

The University of Portsmouth graduate, who studied finance and management, had intended to relocate from his bedroom to the thriving hub, which is home to 37 businesses, next year.

But the surge in demand from self-employed workers in the construction and hospitality industries, following consistent referrals, meant he could make the jump up far earlier than anticipated.

John, who also went to the city’s Highbury College and is a former pupil at the City of Portsmouth Boys, formed First Choice Tax Solutions after financial support from family.

Helping him to fulfil a burning ambition, his grandparents John (67), and Janet (65), and his father Brian (49), provided the money needed to get the venture up and running.

John, from North End in Portsmouth, has now been joined by his aunt, Stacey Walker, as a fellow director after quitting her job as an accountant.

Pete Outen, the centre manager at Portsmouth Technopole, which is opposite the city’s port, said: “What John has achieved in the space of four months is nothing short of phenomenal.

“A youngster educated locally has set up a business, with unsolicited financial support from his dad and grandparents, and achieved 100 customers in the space of just 16 weeks.

“On top of that, First Choice Tax Solutions has moved into Portsmouth Technopole, our thriving business hub with 250 people, including like-minded entrepreneurs.

“First Choice Tax Solutions is among a number of start-ups which are flourishing here, generating local jobs and valuable inward investment for the area.”

John said: “I’m grateful to Pete and his team at Portsmouth Technopole for providing my firm with a warm welcome and the reception and cleaning facilities. I’m free to crack on with doing the business for my customers.

“I’m flabbergasted by the commercial demand - and we’re not even near April yet, when there is a surge in workloads because tax returns have to be in.

“My dad, granddad and nan have shown tremendous faith in me and I want to do them, and the city I grew up in, proud.”