Accountants in Petersfield, Hampshire

Specialist manufacturing, engineering, and industrial accountants based in Waterlooville, Hampshire, serving clients UK-wide. Many ambitious manufacturers want to improve their profits. They anticipate a 30% gross margin, but when they see the reports, it is only 20%. Where did that 10% margin go? Suddenly, the business is running breakeven, or at worst, running at a loss. For others, the focus is on increasing revenue. They are securing huge orders whether measured in units or pound notes but that doesnt automatically mean they are making any profit. This often happens because their true costs are higher than their sales. The core issue is that they simply do not have true visibility over their profitability. As specialists, we fix this; in one case, we identified exactly where cash was being lost and found a 13% gross margin improvement for an electronics manufacturer. Many manufacturers will already be using an accountant. However, in many cases, a general accountant merely takes the information provided such as the profit and loss statement and balance sheet without actually checking the underlying data. This leaves businesses exposed. Personal expenditures mistakenly slip into the P&L, VAT that should have been claimed is missed, and VAT that shouldn't have been paid is handed over. At Skynet Accounting, we look deeper than standard compliance. We review the numbers, protect your cash flow, and ensure your hard work on the shop floor translates directly into profit in the bank. Contact our Waterlooville office today to regain complete control over your margins.