Automotive accountants dedicated to the motor industry to drive growth and profitability.

The motor trade has become increasingly competitive over the course of the last few years.

Competitive petrol prices on the forecourt, new outlets from which to purchase vehicles and the complexity of modern day vehicles make it more important to be in financial control of your business

Having the correct working capital is in itself not sufficient as margins can be very tight. Have you allowed for stock depreciation; are your call out rates charged correctly; is your stock turned around regularly; are productive hours being fully recovered and what financial controls do you have?

Our specialist knowledge and experience in the industry spans large dealerships to concept design of Formula 1 parts and can help you with the pitfalls while helping you to plan and manage your business in a controlled and professional manner.

Our automotive team currently acts for a variety of businesses involved in the sector including:

Our experienced team understands the issues and challenges being faced by businesses in the automotive sector including maximising profitability, improving cash flow, forecasting and working capital management.

We offer you a comprehensive range of highly specialised services, tailored by your lead partner specifically to your needs.

Our business and financial services include:

• Financial planning techniques – development and monitoring of profit and cash flow projections.
• Financial reporting processes – advising on regular financial disciplines, optimising the use of your Dealer Management System (DMS) and developing business measurement criteria.
• Accounting and audit services.
• Business strategy and advice on structure to help you build value and protect your wealth. Our Wealth Management department provides financial planning advice to help you achieve your personal short, medium and long term objectives.
• Planning property ownership structures to minimise tax exposure using Limited Liability Partnerships, Limited partnerships, Limited Companies and Offshore Companies. Many businesses in the automotive sector own freehold properties and we can advise on the most tax efficient method of holding these properties
• Tax and VAT – providing solutions to complex tax and VAT issues, maximising capital allowances claims and undertaking ‘health check’ reviews of VAT, PAYE and corporate tax compliance.