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Engineering and manufacturing accountants

Survival of the financially fittest

You are in the automotive, telecoms, engineering or manufacturing industries. You are probably turning over anything between £500k p.a. and £50m p.a.

And you are the backbone of the economy.

But for engineering and manufacturing companies in the 21st Century, conditions are not easy.  As a sector, it is arguably tougher and more sensitive to local, national and global conditions than any other sector.  With so many factors, often outside of your control, affecting your business you need to know exactly what you are doing, and you need control over your finances.

At Philip Barnes & Co. we have specialist accounting expertise in the engineering and manufacturing sectors. If any of the following are among the concerns that are occupying your mind, call us today; we can guide and support you and help to keep your business stable and profitable:

Profit and Costing

Tax

  • Investment appraisal
  • Construction Industry Scheme (CIS)
  • Resource and capacity planning
  • Research and Development claims
  • Job Costing
  • Succession planning
  • Labour and overhead recovery rates
  • Capital allowances
  • Managing foreign currencies

Financial/Working Capital

Monitoring and Control

  • Raising finance
  • Setting and monitoring KPIs
  • Grants
  • Budgeting and forecasting
  • Inventory/stock management
  • Cashflow modelling

Engineering and manufacturing will always be important sectors, but small external factors such as interest rate fluctuations or raw materials shortages all can have dramatic consequences on the fortunes of a firm. It is the companies who can manage their finances well that will survive and prosper. And for all that you need a good accountant. Call us today on 01827 60033

 

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