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Latest research from The UK VC & Female Founders for the Treasury found that for every £1 of VC investment in the UK, female-led start-ups shockingly receive less than 1p.

By comparison, all-male founder teams are given 89p and mixed-gender teams collect the remaining 10p. Furthermore, only one in 10 decision makers were women, and two-thirds of VC firms have no female partners at all.

This is despite a large body of work showing that increasing female presence at senior levels boosts profitability.

For example, a report published by Credit Suisse stated that companies, where women made up at least 15% of senior management, were 50% more profitable than those where fewer than 10% of senior managers were female.

AnyGood? founder, Juliet Eccleston, commented, ‘’While subconsciously we all know gender inequality is a huge issue, these figures are simply staggering. The bottom line is, ignoring women is costing venture capitalists money. There is a huge amount of evidence to suggest this, with McKinsey research showing that companies in the top quartile for gender diversity at executive level were 22% more likely to outperform their national industry average.

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Give us a call on 01442 795100 or email jaime.thorpe@dolanaccountancy.com

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“In fact, recent research in the USA has shown that male-only businesses may actually be a worse investment than mixed teams. For every dollar of funding, start-ups with women on the board generate 78 cents, while those founded only by men generate 31 cents. People tend to invest in what they are familiar with, and the lack of female representation across VC boards is clearly playing a part in this imbalance”

‘‘I’m not attempting to pit the sexes against each other here, but rather show that equality and diversity actually drive productivity and profit. While such gender disparity is shocking, this is not just a social justice issue, but also business imperative. By stepping out of their comfort zone, investors will see real benefits.’’

‘‘Of course, this isn’t a simple issue to rectify and cannot solely be addressed from the top down. Only by overhauling the way we hire, and coming to terms with the ingrained bias within hiring processes, will we be able to build the truly diverse teams that will go on to make the funding decisions of the future.’’

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Thousands of Contractors Choose Dolan Accountancy

With over 25 years experience in contractor accountancy helping thousands of contractors, freelancers and the self employed, Dolan Accountancy has the specialist skills, reputation and credibility you can trust.

Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £105 + VAT. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost.

If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795 100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours
  • Free use of Contractor Umbrella – With IR35 Legislation changes we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams
  • Free Access to FreeAgent – We offer all of our clients access to FreeAgent, free of charge
  • Free Business Banking – We have decided to waive our commission so our clients can use Tide free of charge for the first year
  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few
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