Accountants for Engineering Businesses
Understanding the challenges facing engineering businesses
● Are projects sitting unbilled because your accounting isn't set up to track cost and value project by project?
● Have you outgrown your finance function, with the technical and financial sides of the business no longer speaking the same language?
● Are you growing weary of technical advice delivered without an understanding of your business or your ambitions?
Our 'nerd' in your corner
"I’ve always had a fascination with science and engineering since I was a kid, driven by a desire to understand how things work. Physics, mechanical and electronic engineering were particular fascinations.
At university I took that fascination and studied Computer Science, and despite the name it covered more than just programming. I got to embrace my passion for electronics, being able to design and build circuits around the ZX80 microchip and flashing EEPROMs. Beyond that I was doing NLP (Natural Language Processing) and AI, all back in the early 2000s.
Even though life took me elsewhere, through advising on R&D claims (where I’ve been involved in claims totalling hundreds of millions of expenditure) I still get to follow AI, NLP, cryptography and the practical applications of science. I just love the nerdiness of it all.
For you, that means you’ll have an adviser who doesn’t just understand the technical side of your business, but is fascinated by it."
David Richardson
Meet David, Head of our S.T.E.M. Businesses unit
David Richardson, Tax Director and Head of our S.T.E.M. Businesses unit
Do I need an Engineering specialist accountant?
Well, that depends.
If you can't say which projects actually made money, or if a fixed-price contract is quietly losing you margin, a generalist accountant probably isn't built for that.
That's engineering-specific ground.
To find out how we can you and your engineering business, get in touch with David.
Specialist help for Engineering Businesses
R&D Tax Credits
We prepare and defend R&D claims, not just file them and move on.
Share Options and EMI Schemes
Getting equity into the hands of the people who built the business, structured properly from day one.
Management Accounts
Numbers you can trust and use to run the business, not just file away every quarter.
Strategic CFO Advisory
An experienced, senior finance voice in the room when you need one, without the cost or commitment of a full-time hire.
Capital Allowances
An experienced adviser who can maximise and optimise potential tax reliefs.
Currency Hedging
Protecting margin when international sales and suppliers bring currency risk into your business.
FAQs: David answers your questions
We need to invest in new equipment and technology. How do you help with that?
We'll look at the right mix of asset finance, leasing and available tax reliefs, so you're not funding it all out of cash reserves.
We're on fixed-price contracts, but our costs keep creeping up. What can you do?
We build the financial visibility to catch margin erosion early, whether it's scope creep, rising material costs or an unfunded change order, rather than finding out about it at invoice stage.
Can you tell us which projects are actually profitable, not just at year end?
That's what proper project accounting and work-in-progress reporting are for.
We help you track cost and value project by project, so profitability isn't a surprise once the job's finished.Can you help even if our R&D claims are currently handled by someone else?
Yes. We often step in where claims have been split across different advisers who don't talk to each other, and bring it all under one roof.
We pay wages weekly, but our clients pay us in 30, 60 or even 90 days. Can you help?
Yes - it's such a common pressure for so many engineering firms.
We can help you see your real cash position and plan around it, including short-term working capital options like invoice financing where they make sense.
David Richardson and the MRT Tax team
What happens next?
If you would like to find out how we can help, let's talk.
Get in touch
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Get the ball rolling
Assuming we think we can help and you're happy to proceed, we are up and running together.
Phone
Address
Market House,10 Market Walk, Saffron Walden, Essex, CB10 1JZ
Hours
9:00 AM - 5:30 PM Monday to Friday