Reign Accounting Ltd – Rapid Growth Fuelled by Determination and Durham City Incubator Support

Nicole Collins, the founder of Reign Accounting Ltd, has an extensive background in the finance industry. Her journey began in 2014 as an Accounting Apprentice and saw her rise through the ranks in various sectors, including manufacturing, facilities management, chemical, retail, and charitable organisations. This diverse experience across senior finance and accountancy roles laid a robust foundation for her entrepreneurial leap.

Nicole’s transition from industry to establishing Reign Accounting Ltd was driven by a desire to offer comprehensive finance solutions to businesses lacking a full finance team. From retainers to full-service packages, her firm caters to a wide range of financial needs, ensuring clients receive tailored support without the necessity of maintaining an entire finance department.

The establishment of Reign Accounting Ltd was significantly inspired by Nicole’s husband, whose unwavering support fuelled her determination. Despite the intense challenges of juggling a full-time job, a degree course, and parenting, Nicole’s resolve never wavered. Her refusal to choose between her career and education exemplifies her tenacity and ability to overcome obstacles, attributes she now channels into her business.

Nicole aims to demystify finance for her clients, instilling confidence and understanding in a realm often perceived as intimidating. Recognising the importance of work-life balance, her company emphasises flexibility and accessibility, ensuring clients can integrate financial management into their lives seamlessly.

Since its inception in October 2022, Reign Accounting Ltd has experienced remarkable growth, amassing almost 60 clients by June 2024. Initially operating on a part-time basis, Nicole took the bold step to transition to full-time in 2023. This rapid growth is a testament to the demand for Nicole’s unique approach and the quality of services provided, showcasing how her commitment to the business has paid off in a relatively short time frame.

The Role of Durham City Incubator

Introduced by a cohort peer, Nicole saw Durham City Incubator (DCI) as an opportunity to validate her business strategies, gain coaching, and build self-belief and confidence. The incubator has provided a crucial support network and educational resource.

DCI offered Nicole comprehensive support through various workshops and classes, equipping her with the knowledge and skills necessary to scale her business. Notably, a grant from DCI facilitated the setup for two new staff members.

For Nicole, the most valuable aspect of the DCI program has been the support from fellow start-up founders. The friendships forged have provided a vital support system. Additionally, Nicole’s contributions to DCI, such as delivering the finance workshop, have been met with positive feedback, further enhancing her confidence and skills.

Nicole notes, “The support and friendships I’ve developed through DCI have been invaluable. Learning from other start-ups and having a community to lean on has made a significant difference in my entrepreneurial journey.”

Looking ahead, Nicole envisions sustained growth for Reign Accounting Ltd. She has set ambitious goals, aiming to lead a team of 10-15 professionals within the next decade. Nicole is committed to differentiating her firm in the competitive accountancy landscape by continuing to innovate and offer unique, client-focused solutions.

Nicole’s advice for those considering joining DCI is straightforward: “If you have a passion you’re eager to pursue, take that crucial first step today. Embrace the challenges with determination, seek out mentorship, and create your own success story.”  She emphasises the importance of taking that leap of faith, driven by passion and supported by a strong network.

Commenting on Nicole’s progress, Leon Howe, DCI Manager, said: “We at Durham City Incubator are incredibly impressed by Nicole’s journey and the remarkable growth of Reign Accounting Ltd. Her dedication, coupled with the support and resources offered by DCI, has resulted in a thriving business. Nicole’s commitment to her clients and her vision for the future are truly inspiring. We are excited to see what Reign Accounting Ltd achieves in the years to come.”

Nicole Collins’ journey with Reign Accounting Ltd is a shining example of what can be achieved with determination, support, and a clear vision. Her story illustrates the impact that programs like Durham City Incubator can have on budding entrepreneurs. If you are inspired by Nicole’s success  and have a passion you’re eager to pursue, take that crucial first step today. Contact us to find out more.

The next application closing date is 25th August 2024

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