Unlike your annual statutory accounts, management accounts are not mandatory for limited companies. Nevertheless, we still highly recommend them as a valuable and insightful tool for all limited company business owners. Producing regular management accounts will provide better clarity of your business performance as well as allow you to take control of your business finances.

Gain an objective perspective on your business as our management accounts service includes:

  • Working with you to determine the most suitable KPIs for your business
  • Generating profit and loss statements and balance sheets
  • Providing analysis of your cashflow with forecasts
  • Producing an executive summary to provide focused action points
  • Reviewing your management accounts with you either monthly or quarterly to explain what the numbers are showing
  • Working with you as a partner to offer accountability and encouraging business growth
  • Offer ad-hoc advice to maximise on opportunity or minimise risk
Management Accounts

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Management accounts are not suitable if you are operating your business as a sole trader. They are recommended for limited companies of all sizes, especially for those who are working towards growing their business, or those businesses which are struggling and require guidance on how to improve. For more information on the benefits of management accounts please read our explainer article on ‘What are management accounts’.

Who does Ridgefield Consulting work with?

Ridgefield Consulting is an independent family-run firm of chartered accountants based in Oxford. We are passionate about working with local businesses and are well-suited to support those in the Oxfordshire area, although we do have many clients further afield. We work well with ambitious and commercially focused small to medium sized businesses.

How much does Ridgefield Consulting charge?

Ridgefield Consulting does not operate on fixed-fee charges because we don’t believe anyone should be paying for more than what they need. Our management account fees are dependent upon the frequency of reporting required, number of KPIs and how much consultation time is needed. To receive a bespoke quote, get in touch for a no-obligation introductory consultation. We’d be interested to hear about your business as well as see how we can help. Following our consultation, we’ll provide a detailed line-by-line quote (usually within 2 working days) so that our fee is completely transparent to you.

Why use Ridgefield Consulting?

We’re not just ICAEW chartered accountants, we’re also ICAEW business advisors. Not only that, but we started off a small start-up ourselves and since 2010 have been rapidly growing year on year. That’s not to say we haven’t had to weather our fair share of storms and overcome challenges. However, all this just adds to our first-hand experience and expertise that enables us to provide pro-active and practical guidance.

Next Step

What to do if you want to use Ridgefield Consulting

The very first step is to get in touch with us! Give us a call on 01865 24 55 11 or complete the contact form below. Let’s arrange a convenient time to speak and go from there.

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