Engineering & manufacturing
Accounting for engineering and manufacturing
Engineering and manufacturing are key sectors within our economy, with a global reputation for innovation and quality. Operations are often subject to challenges – disruption to logistics and supply chains, fluctuating raw material prices, exchange rate volatility, etc that can impact on cash flow and profitability.
We have experience of working with a diverse range of engineering and manufacturing businesses which trade in both domestic and international markets. We understand the need to balance the cost pressures associated with running your business with the need to invest in machinery, technology and talent to remain competitive. We can also advise on options on how to fund expansion and investment in machinery.
By ensuring you have access to accurate, real time financial data for your business, you can adopt a more responsive, flexible approach to market conditions. From a virtual finance director service to help with strategic planning, to outsourced services such as our BACS payroll bureau, we can provide a ‘fresh pair of eyes’ and help you streamline your business processes and navigate through the export and import VAT and tax legislative requirements.
When it comes to growth strategies that may include new product development, new market penetration or diversification, our tax specialists can advise on the R&D tax relief and Patent Box schemes to help fund the cost of innovation.
We take time to get to know your business and understand your goals, helping to plan for the future you aspire to achieve.
We can also assist with:
- Risk management
- Internal control reviews
- Due diligence for acquisitions and disposals
- Advice on grants and training
- Corporate restructuring
Most efficient and helpful
“Our company has benefitted from this most professional and reliable set of accountants. We have always found them most efficient, helpful and very easy to talk to and communicate with about any issues concerning us. It’s always good to have a friendly person to deal with.”
– Andy and Liz Whatmore, West Netherton Engineering Limited