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SPECIALIST ACCOUNTANTS FOR THE MANUFACTURING SECTOR

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Helping to Source Funding and Smooth Cash Flow

Onyx have developed financial strategies to help support growing engineering and manufacturing businesses.

At Onyx we can help your business to overcome cash flow issues caused by market volatility, long order to delivery cycles, and late payments.

We will also help to address the need to finance new product development required to capture new markets and streamline costs.

Manufacturing and Engineering - Pain Points

Case Study

We have put together an in-depth case study on how we have helped a client in the Manufacturing and Engineering industry.

We have also included an interview with our client which covers every aspect of the services we provide to them so you can hear directly from them how joining Onyx has had a positive impact on the day to day operations of their business.

R & D Brochure​

Almost all manufacturing businesses are concerned with improving products and processes. Activities include streamlining operations, increasing production, reducing or eliminating waste, improving technology,

Many companies are conducting qualifying R&D activities for R&D tax relief purposes in this sector on a daily basis, without even realising it. What may seem as typical day-to-day challenges in the office and field may qualify.

Management Accounts

It is important for businesses that are growing, or at a size where control is required to be up to date with both your business performance and the financial position your business is in.  We have created a Management Accounts Demo pack for the Property Industry which allows you to explore the level of reporting we can provide.
Manufacturing and Engineering - Trust and Availability

Trust and Availability

 Here at Onyx you can be sound in the knowledge that you have your own dedicated team to cater to your every need as a client at Onyx. Each Onyx team is headed up by a qualified accountant and they are supported by a Client Manager and an Accounts Assistant. This allows you to have peace of mind that your work will be completed accurately and on time.

Statutory Compliance

We can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared. We will ensure that VAT compliance, HMRC and national insurance registration, and appropriate tax returns are correctly filed. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on your core business activities. For more info please visit our Compliance Services page.

Manufacturing and Engineering - Statutory Compliance
Manufacturing and Engineering - Funding and Cash flow

Budgeting and Reporting

Onyx analyse and build the required financial support process from the ground up, helping to source funding and smooth cash flow, while creating cash “headroom” to help fund new innovations and processes.

Central to the financial management process is the establishment of monthly reporting we can provide you that breaks down the production cycle to identify inefficiency and areas of cost leakage.

We can help you factor in and plan ahead for aspects such as your VAT payments so you never have any nasty shocks when they come around.

These reporting methods will give you the confidence to invest in any new growth plans such new sites, hiring extra staff or buying equipment, and will also avoid any hidden scares at the end of the year.

To read more about our reporting packages please see our Management Accounts page.

Payroll Services

Payroll Services – Running a payroll can be time consuming, complicated and divert resources from the core activities of your business. 

We ensure that the regulations set out by HMRC are being complied with whilst maximizing tax saving opportunities. We offer cost-effective solutions and provide an end-to-end payroll service, whatever the size or complexity of your business.

For more info please visit our dedicated Payroll Bureau Services page.

Manufacturing and Engineering - Payroll Services
Manufacturing and Engineering - Tax Planning

Tax Planning

No matter the size of your business we will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way. We will ensure you are making the most of any tax saving opportunities such as Capital Allowance claims, Research and Development tax credits, and also grant funding.

We can also look into your personal investment portfolio’s which will naturally come with tax implications and ensure you fully understand every aspect and again, see where savings can be made.

We can also look into your personal investment portfolio’s which will naturally come with tax implications and ensure you fully understand every aspect and again. As a result we can see where savings can be made.

Interested to read about how we have helped a client of ours with a Research and Development claim? Please read more here.

Bookkeeping and Software

Ensuring you are following the correct bookkeeping practices will have a huge positive impact on your business. Having the correct software to record your transactions is very important, especially when you have multiple business locations and restaurants. We offer software training on a range of bookkeeping packages. Most importantly our team are available to help support you and give training sessions at your convenience.

We are accredited partners with: KashflowDextSageQuickbooks and Xero. As experienced catering accountants we are able to provide the complete service, whatever the size or complexity of your business, or simply provide support when needed.

 For more information on the different package options please see our Accountancy Software Training Services page

Manufacturing and Engineering - Bookkeeping and Software

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Paresh Bodhani - Profile
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Get in touch with us for a FREE no obligation consultation