FreeAgent is a cloud accounting system designed to meet the needs of small businesses, freelancers, and their accountants. The system helps to manage expenses, run a fully RTI-compliant payroll and track time, as well as to create and send professional-looking estimates and invoices to the clients. FreeAgent also helps to keep track of cash-flow, see how much tax one owes and when it’s due, and file VAT, RTI and Self Assessment returns directly to HMRC.

Employee Rating

4.7More
TypeSubsidiary
Parent CompanyNatWest Group
HQEdinburgh, GB
Founded2007
Websitefreeagent.com
Cybersecurity ratingAMore
FreeAgent was founded in 2007 and is headquartered in Edinburgh, GB

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Key People/Management at FreeAgent

Ed Molyneux

Ed Molyneux

CEO, Founder
Olly Headey

Olly Headey

CTO, Co-Founder
Roan Lavery

Roan Lavery

CPO, Co-Founder
Kevin McCallum

Kevin McCallum

Chief Commercial Officer
Roseann Wilson

Roseann Wilson

Communications Director
Katherine Tenner

Katherine Tenner

CFO
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FreeAgent Office Locations

FreeAgent has an office in Edinburgh
Edinburgh, GB (HQ)
133 Fountainbridge
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FreeAgent Financials and Metrics

Summary Metrics

Founding Date

2007

Investors

FreeAgent is a subsidiary of NatWest Group

FreeAgent Revenue

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FreeAgent's revenue was reported to be £9.78 m in FY, 2018
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Revenue

4.2m5.7m8.0m9.8m

Revenue growth, %

36%

Cost of goods sold

814.0k925.0k1.4m2.1m

Gross profit

3.4m4.8m6.6m7.6m
GBPFY, 2008FY, 2009FY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

3.7k632.8k109.8k1.5m415.8k1.4m1.2m1.8m4.3m2.3m

Accounts Receivable

793.08.1k6.5k67.1k927.4k638.0k339.2k106.0k240.0k645.0k731.0k

Current Assets

5.5k8.9k639.3k176.9k2.5m1.1m1.8m1.5m2.5m5.6m4.0m

PP&E

993.017.4k58.9k220.1k239.0k201.5k78.0k710.0k1.1m1.1m
GBPFY, 2015FY, 2016FY, 2017FY, 2018

Net Income

(1.0m)(1.3m)(2.9m)(1.5m)

Cash From Operating Activities

201.0k208.0k7.0m(342.0k)

Cash From Financing Activities

250.0k2.0m(3.4m)(81.0k)

Net Change in Cash

(282.0k)666.0k2.4m(2.0m)
GBPFY, 2008

Financial Leverage

-0.8 x
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FreeAgent Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

FreeAgent Online and Social Media Presence

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FreeAgent News and Updates

FreeAgent integrates with NatWest’s Online Banking

Cloud based accountancy software provider FreeAgent has launched a series of improvements that will allow its customers to oversee, plan and protect their business with more than ease than ever before

NatWest's Mettle offers subscription-free access to FreeAgent accountancy package

NatWest's online business bank Mettle is to provide hard-pressed freelancers, sole traders and small...

FreeAgent completes Open Banking links to CMA9 banks

FreeAgent, the innovative cloud accounting provider, has secured an industry first by successfully c...

Accounting software from FreeAgent latest to join Starling Marketplace

Starling, the leading mobile bank, has partnered with accounting software provider FreeAgent to help...

FreeAgent to offer accounting software feed through Open Banking

Innovative fintech company FreeAgent has become the first UK accounting software to offer direct ban...

Deloitte, Equifax and FreeAgent sign on as partners to NatWest’s Entrepreneur Accelerator programme

NatWest has announced that Deloitte, Equifax and FreeAgent have signed up as partners to its Entrepr...
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FreeAgent Blogs

10 must-read websites and blogs for accountants and bookkeepers

Whether it’s keeping up with rapidly changing legislation or following noteworthy legal cases, staying on top of news and developments in the world of tax and accountancy can be a full-time job in itself. Fortunately, there are plenty of credible websites and blogs out there to help accountants an…

Resources to help your business through the coronavirus crisis

As the coronavirus crisis continues to have a huge impact on small businesses throughout the UK, here’s a reminder of the resources we’ve created to help you weather the storm. Stay up to date with the coronavirus hub Read our latest blog posts, access valuable guides and resources and find link…

A beginner’s guide to pricing projects

Figuring out how to price projects can be a learning curve for freelancers and small business owners but it’s a skill that’s crucial to the success of any venture. The good news is that with a little bit of research and number crunching, you should be able to pick the right approach and then get b…

How to power up your clients ahead of the Self Assessment deadline

The festive season is over for another year, which means two words are likely to be sitting at the top of your to-do list: Self Assessment. Ahead of the 31st January Self Assessment deadline, here are a few ways you can give your clients a turbo boost and help to reduce your stress in the process…

How to create a business budget: six easy steps for small businesses

The past year has presented small businesses with unprecedented challenges and to weather the storm, it’s vital to plan ahead. The good news is that you don’t need to be a financial wizard to create a brilliant business budget. This guide outlines the simple steps you need to follow. What is a bu…

Christmas expenses 2020: what can you claim?

In a year like no other, Christmas 2020 is shaping up to be just as unusual. Although there are no office parties or festive lunches on the cards this year, some celebrations are still going ahead. Here are some expenses that your small business might still be able to claim tax relief on this holi…
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FreeAgent Frequently Asked Questions

  • When was FreeAgent founded?

    FreeAgent was founded in 2007.

  • Who are FreeAgent key executives?

    FreeAgent's key executives are Ed Molyneux, Olly Headey and Roan Lavery.

  • How many employees does FreeAgent have?

    FreeAgent has 277 employees.

  • What is FreeAgent revenue?

    Latest FreeAgent annual revenue is £9.8 m.

  • What is FreeAgent revenue per employee?

    Latest FreeAgent revenue per employee is £35.3 k.

  • Who are FreeAgent competitors?

    Competitors of FreeAgent include Huisuanzhang, Wolters Kluwer and Xero.

  • Where is FreeAgent headquarters?

    FreeAgent headquarters is located at 133 Fountainbridge, Edinburgh.

  • Where are FreeAgent offices?

    FreeAgent has an office in Edinburgh.

  • How many offices does FreeAgent have?

    FreeAgent has 1 office.