Xledger, the cloud-based finance software provider for mid-market organisations, has signed the lease on 11,000 square foot of newly renovated grade A office space, in one of Bristol’s largest commercial property deals of 2020. Xledger’s relocation to Tower Wharf follows a record H1, as the company looks to build a hybrid approach to flexible working and create a ‘destination hub’ for its people.

Xledger is now one of Bristol’s fastest-growing businesses and is aiming to be a £15m organisation in five years within the UK and £100m globally. With many businesses questioning the future of their premises as a result of the pandemic, Xledger is bucking the trend with a substantial investment in a new space, as the company undergoes a significant period of expansion. Not only can the new hub comfortably – and safely – accommodate a growing number of workstations, it will also boast a host of employee and client breakout areas, meeting rooms and entertainment spaces including a bar and a roof terrace.

Mark Pullen, CEO of Xledger who joined the business last year, comments, “At Xledger, we have a passion for innovation and success. We fully recognise the need for flexible working, and at the same time understand it’s the people and how they work with one another that makes an organisation special. This is why we’re creating this ‘destination hub’ – a place that, when our employees come in to work, it’s a real privilege to be a part of.”

“We’re an open, collaborative, fast-moving company, and we’re aiming to have a team that’s over 50 strong within 12 months. Investing in new premises in the current climate is a true demonstration of our confidence in the market. We are committed to growing our business in Bristol and we are excited about what we hope to achieve in the coming months.”

Having recently been accredited as a Great Place to Work-Certified Organisation and as a Great Place to Work: Excellence in Wellbeing, Xledger has just been named runner-up in the Great Place to Work: UK’s Best Workplaces in Tech category for small organisations. Great Place to Work is the global authority on workplace culture, employee experience and the leadership behaviours proven to deliver market-leading revenue and increased innovation.

Ian Halliwell, Sales and Marketing Director at Xledger, added, “Our culture is one of collaboration, trust, enthusiasm and fun. We’re a company rife with opportunity. We’re creating a business that’s non-hierarchical and this approach means we can be agile and scale quickly. To borrow an analogy from Bristol Bears’ Pat Lam; it’s about getting everybody on the right bus, going to the same destination, all in the right seat.”

At a time when many businesses are also withdrawing their commercial agreements with sporting organisations around the UK, Xledger has expanded its relationship with Bristol Sport by becoming a principle partner of the Bristol Flyers. This news follows the recent announcement that in addition to renewing its sponsorship of Ashton Gate Stadium’s South Stand, Xledger would be giving strong support to the Bristol Bears Academy, where it will be sponsoring youngsters from 13 years of age upwards through the programme.