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Is there a Bitcoin wallet which can be installed server side with a direct access iOS/Android app to maintain the funds but where two different parties can access it directly.

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Yes you can use bitcoind: https://en.bitcoin.it/wiki/Bitcoind

and use the

the bitcoin json rpc api https://en.bitcoin.it/wiki/Original_Bitcoin_client/API_calls_list

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    Thanks for the answer, allowed me to search and found you can setup an Electrum server which allows an Electrum client to connect to it, exactly what we were looking for. – AlisterA Nov 15 '17 at 21:06

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