By Aliki Kraterou
A teenager believed to be the UK’s youngest accountant already has 10 paying clients after setting up his own business aged 12 – and wants to be a millionaire by 25.
Ranveer Singh Sandhu, 15, decided from an early age he had only one desire professionally – to be an accountant – and now juggles his burgeoning career alongside his schoolwork.
After spending six months completing his accountancy certificates, the teenager now has 10 young entrepreneur clients who he helps with business advice and managing their finances.
Ranveer, from Thornton Heath, Croydon, charges £12 to £15 per hour for his services and hopes to spend the £3,000 he has already made over the last three years on a holiday – and hopes to become a millionaire within 10 years.
Year 10 GCSE student Ranveer, who has three sisters, said: “I have always known what I wanted to do – I decided when I wanted to be an accountant was when I was 12 years old.
“It isn’t that hard juggling school and my business, I haven’t had that much stress.
“My clients are surprised when they find out my age, but my friends find what I do quite inspiring.
“Everyone loves what I do and people are very supportive of my business – my parents are impressed with how far I have come and how I have managed to do this all on my own.
“My plan for the future is to become a millionaire and expand my business.
“I am quite independent and never had to ask help for every decision I take as I am a risk taker.”
Ranveer completed an online accounting course to achieve a Level 3 CPD Basic Accounting certificate aged 12 but said it wasn’t hard to juggle studying for the qualification with his day to day schoolwork.
After getting the certificate, Ranveer set up his business Digital Accounts in June 2016 and two years later launched company Ranveer Singh Sandhu, which is still under development.
Dad Aman Singh Sandhu, 50, a builder, and mum Dalwinder Kaur Sandhu, 45, an estate agent, helped Ranveer at the beginning and said they are very proud of him.
Both of his companies allow him to work from home, but he also has an office in his family’s property business premises nearby.
Ranveer, who does not plan to go to university, said: “My parents have always helped me from the beginning.
“My ambition is to make quite a lot of money out of it, expand my business and make it international while helping young people start their businesses at the same time.
“I want to accomplish everything by the age of 25 – I still have 10 years left.
“I plan to spend my money on investing in properties, building an empire of properties and when I passed my driving test, buy myself a car.”
Ranveer was the winner of the Tech Business of the Year prize at the Ultra Education Kids Business Awards in 2017 and has even created his own software to keep track of his clients’ accounts.
He added: “I decided to set up my business because I realised there was a gap in the market and I thought I’d be good at it, so I just thought ‘why not start my own business?’
“I wanted to do something that I was passionate about – which was that I loved helping people especially with money and helping them start up a business – but I wanted to make my business for young entrepreneurs, like me.
“My family’s interest in finance helped me decide what to do, but this is all me.
“Currently I spend all my free time running my business.”