Xero shooting for a million customers in UK as digitisation looms

Thu, 21 Jun 2018

By Paul McBeth June 21 (BusinessDesk) - Xero is confident of tripling its UK customer base in the next few years, saying the compulsory digitisation of tax returns providing a tailwind to its rapid pace of growth in the world's fifth-biggest economy. The Wellington-based, ASX-listed company now counts the UK as its second-biggest market with 312,000 subscribers as at March 31, up 47 percent from a year earlier, and delivering $79.6 million of revenue, about a fifth of all sales. The UK division has tended to fly under the radar with the h...

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