Expert Accounting Support Tailored to Manufacturers & Engineers
At Edwards Chartered Accountants, we provide tailored financial guidance through auditing and accounting services designed specifically for manufacturers and engineers. Our team helps businesses control production costs, manage working capital, claim R&D tax credits, and optimise capital allowances, giving you the confidence to focus on innovation and operational efficiency.
How We Can Support Manufacturing & Engineering Businesses
We provide tailored financial and accounting guidance for manufacturers and engineers, helping businesses to navigate industry challenges, this includes:
Financial audits & compliance
Regular audits provide essential financial insights, helping businesses identify risks, improve internal controls, and ensure compliance with industry regulations. Our auditing services offer a clear financial overview, supporting strategic decision-making and long-term stability.
R&D tax relief for innovation
Our taxation services, complemented by the expertise of our R&D tax team, help businesses identify qualifying R&D activities, compile necessary documentation, and maximise claims. This boosts cash flow, reduces tax liabilities, and provides funds to reinvest in innovation and business growth. Unlike most accountancy firms, we charge a fixed fee rather than a percentage of the refund received. This generally means our clients pay considerably less for our services.
Maximising capital allowances
We help businesses leverage capital allowances for tax-efficient asset purchases, maximising reliefs like full expensing or the Annual Investment Allowance (AIA), which offers 100% tax relief on qualifying equipment or machinery investments up to £1 million.
Optimising costs for efficiency
We implement cost control strategies, including budgeting, overhead analysis, and waste reduction, while refining pricing models to help businesses stay competitive and drive sustainable growth, despite rising material costs, energy expenses and supply chain disruptions.
Cash flow management
We support businesses with cash flow forecasting, working capital management, and debtor control solutions to help maintain financial stability, while also assisting with funding via Government schemes like the Enterprise Investment Scheme (EIS) for growth and development.
Optimising inventory valuation
Accurate inventory valuation ensures precise profit calculations, efficient stock management, and reliable financial reporting. We help businesses apply the right valuation methods, ensuring their true financial position is reflected in accounts and tax planning.
Payroll accounting & management
There are lots of benefits to outsourcing payroll, to simplify complex processes like shift work, overtime, and compliance. Our experts ensure accurate wage calculations, tax deductions, and timely payments, giving businesses peace of mind and the freedom to focus on growth.
Why Work With Edwards Chartered Accountants?
If you’re seeking specialist accounting services for a manufacturing or engineering company, our expert accountants in Walsall support businesses across the UK and are here to help. Working with us means benefiting from a full-service approach, industry-specific insight from experienced accountants, bespoke solutions tailored to your needs, and guidance on regulatory changes to ensure compliance.
100
Years +
Professional accounting experience
Over
50
Team members covering a variety of specialisms
Over
100
manufacturing businesses trusting us with their finances
Our Team of Experts
Frequently
Asked Questions
We’re here to answer any questions about our accounting services for manufacturing companies and engineers!
Struggling with complex weekly payroll for a large team – how can we make it easier?
We streamline payroll processes, ensure compliance with HMRC regulations, and reduce the administrative burden on your internal team. By outsourcing payroll to us, you benefit from tailored solutions that accommodate weekly runs for a large number of employees across various shifts and pay structures, overtime calculations, shift differentials, and real-time reporting.
