Firms sign up to net market.

Markets Unlocked – a business-to-business internet system – aims to bring transparency to the marketplace for such services. It is understood Ernst & Young has joined the company as a supplier and as a strategic partner, while three other accountancy firms are locked in talks on whether to offer their services on the companies database. Registering with the site costs £25 for buyers or sellers. A further £25 is charged for each transaction carried out. The service is aimed at SME’s which lack knowledge of suppliers and the company is looking to launch in Asia and the US in the next year. Julian Watts, Markets Unlocked chairman and former KPMG partner, said: ‘Our market will not replace the sales and delivery method of accountants, but it will have an impact on the way they sell their services.’

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