Management Accounts for London Businesses
Know where your business stands, every single month.
Most business owners only see a clear financial picture once a year, usually when it is too late to act on it. We produce monthly or quarterly management accounts so you have reliable numbers when decisions need to be made. Qualified accountants, ACSP-registered with Companies House, fixed fees, delivered entirely online.
- Monthly management accounts prepared and delivered on time
- Cash flow forecasting so shortfalls are visible weeks in advance
- Profit and loss, balance sheet, and commentary in plain English
- Your numbers explained, not just filed and forgotten
No long-term contract required. If the arrangement is not working after three months, you leave with clean, up-to-date accounts and nothing owed beyond work completed.
Get a free quote
Fixed pricing. Same-day reply.
What our clients say
★★★★★
Switched Accountants, Never Looked Back
“I switched from another accountant about a year ago and haven’t looked back since. Their expertise, efficiency, and positive ‘can-do’ attitude make them stand out.”
★★★★★
Numbers Explained Clearly Every Time
“He always takes the time to explain things clearly rather than leaving me confused. Having someone I can fully trust to handle my filings means I can focus on actually growing my business.”
★★★★★
Patient, Knowledgeable, Easy to Work With
“Prads and the team made filing our accounts so easy. They were patient, knowledgeable, responsive and good to work with.”
★★★★★
Reliable and Prompt Throughout
“They were professional, responsive, and prompt throughout, and handled our company accounts and tax return smoothly. Excellent service and genuinely reliable.”
Sound familiar?
Running on gut feel because the numbers are never ready?
A lot of London business owners reach the end of the year and discover their financial position only when the accountant sends the draft accounts. By then, the decisions have already been made, the cash has already moved, and the opportunities have already passed. Management accounts exist precisely to prevent that. The problem is that most small businesses either do not have them at all, or receive a set of figures with no explanation of what they mean.
- No clear view of profit or cash until the year-end accounts arrive
- Decisions made without current numbers, or based on the bank balance alone
- Cash flow surprises that could have been anticipated weeks earlier
What having current numbers looks like
We prepare monthly or quarterly management accounts and deliver them with a plain-English summary of what the figures mean for your business. You get a consistent view of where you stand, without needing to ask.
- Profit, loss, and balance sheet updated monthly so you are never guessing
- Reliable figures to support pricing, hiring, and investment decisions
- Cash flow forecasting that flags a tight month before it becomes a problem
- Clear, fixed fees agreed upfront with no surprises at invoice time
What London business owners say about us
We work with sole traders, limited companies, and growing businesses across London and the UK. Here is what a couple of them found after switching to us.
Absolutely brilliant service. Prads is so efficient and knowledgeable. For the first time I feel well supported and informed over my self assessment returns and tax advice in general. Thank you!
I’ve had the pleasure of meeting Prads in particular and have been very impressed with the depth of his knowledge and professionalism. What turned out to be initially a small one off audit appears to be evolving to a long-term relationship and I have great confidence in this company delivering services reliably and promptly.
Management accounting that actually tells you something
We cover the core reporting your business needs to stay informed and make good decisions, delivered remotely with a clear explanation alongside every set of figures.
Monthly Management Accounts
We prepare your profit and loss account, balance sheet, and key metrics each month and send them with a short summary in plain English. You will know your margin, your overheads, and your net position without having to dig through spreadsheets. Delivered on a consistent schedule so you can plan around the figures.
Monthly or quarterlyCash Flow Forecasting
We model your expected income and outgoings over the coming months so you can see a tight period forming before it arrives. That gives you time to act, whether that means accelerating collections, deferring a purchase, or simply knowing a buffer is needed. Particularly useful for businesses with seasonal income or large irregular outgoings.
Forward-looking reportingYear-End Accounts and Corporation Tax
Your annual statutory accounts and CT600 are prepared accurately, filed on time, and supported by any tax planning that applies to your situation. For limited companies, the fixed fee for company accounts and tax return is £250, which covers preparation, HMRC submission, Companies House filing, and a review of your tax position. No hidden charges.
Fixed fee from £250Heard consistently, across different businesses
We work with sole traders, contractors, consultancies, and growing companies. The feedback tends to cover the same ground: clear communication, reliable delivery, and no unnecessary complexity.
Everything Done Quickly, No Stress At All
“Everything was done quickly and properly, with no stress at all. If you need a service that’s reliable and easy to work with, I definitely recommend Prads and Wings Online Filings Ltd!”
Helpful Accounting Advice, Super Attentive
“Prads has been very helpful in giving accounting advice and helping me to understand business from an accounting perspective. Super attentive, efficient and I will definitely recommend!”
Very Professional, Always On Hand
“Prads and his team are the best. Very professional, easy to work with, and always on hand to answer any questions we have. Cannot recommend them enough!”
What makes the difference in practice
There are plenty of accountants who will produce a set of figures. Fewer will explain what they mean, price the work clearly upfront, and stay directly involved in your account.
Numbers with an explanation attached
We do not send a spreadsheet and leave you to work out what it means. Every set of management accounts comes with a plain-English summary of your key figures: what has changed, what to watch, and what it means for cash. That context is the part most practices skip.
Qualified, regulated, and transparent on fees
Our team are qualified accountants. The firm is an Authorised Corporate Service Provider registered with Companies House and AML-supervised by HMRC. Fees are agreed in writing before any work begins, so there are no invoice surprises at the end of the month.
Fully online, available across London and the UK
We work entirely online using Xero, QuickBooks, FreeAgent, and Sage, which means London businesses get the same responsive, paperless service as our clients anywhere else in the UK. No office visits needed, and no time lost in transit.
Up and running in four straightforward steps
Most clients are set up and receiving their first management accounts within a few weeks. Here is how the process works from the initial conversation to regular reporting.
Tell Us About Your Business
Request a quote online or book a call and tell us what you need: the reporting frequency, your software (or lack of it), and where your books currently stand. We will confirm a fixed fee before anything else happens.
We Review Your Current Position
We take a look at your existing records, identify any gaps or catch-up work needed, and agree a starting point. If your books are behind, we will tell you what it takes to bring them current and what that costs.
We Set Up the Reporting Cycle
We connect to your cloud accounting software or set up the right tool for your business, establish the reporting template, and agree a delivery date for your first set of management accounts. You provide the transactions; we do the rest.
Regular Reports, No Chasing Required
Each month or quarter, your management accounts arrive on schedule with a plain-English summary. You have a clear view of profit, cash, and any areas to watch, without needing to ask. Which is, frankly, how it should work.
“Professional, efficient, confidence that everything is taken care of.”
Things London business owners usually ask us
What do management accounts actually include, and how often will I receive them?
A standard set covers your profit and loss account, balance sheet, and a short commentary on the key movements. We also include any KPIs you want to track, such as gross margin or debtor days. Reporting can be monthly or quarterly, depending on what is useful for your business. The commentary is written in plain English so you do not need an accounting background to act on it.
How much does management accounting cost, and is there a fixed price?
Management accounts are priced on a quote basis because the scope varies: the size of the business, the volume of transactions, the reporting frequency, and whether catch-up bookkeeping is needed all affect the fee. We agree a fixed monthly figure before any work starts, so there are no variable charges month to month. Request a quote and we will send a written figure within one working day.
My books are behind. Can you still get management accounts set up?
Yes, and it is a common starting point. We will assess what catch-up work is needed to bring your records current before producing reliable figures. The catch-up is priced separately and quoted upfront so you know the cost before committing. Once the books are in order, we move into the regular reporting cycle.
Is there a long-term contract, and what happens if I want to stop?
There is no long-term lock-in. We ask for one month’s notice to close the engagement tidily and ensure your records are handed over in good order. If you move to another provider, you leave with up-to-date, well-organised books and all your data in a format you can use.
Can you work with the accounting software I already use?
We work across Xero, QuickBooks, FreeAgent, and Sage, which covers the large majority of small business setups in the UK. If you are not currently using cloud software, we can recommend and set up the right tool for your business as part of the onboarding. Either way, the process is handled online with no need for paper records or in-person meetings.
Will management accounts help me understand my tax position during the year?
They will give you a much clearer picture than waiting for the year-end accounts. With monthly or quarterly figures, you can see your profit building up during the year and estimate your likely corporation tax liability well before the filing deadline. That gives you time to consider any legitimate tax planning, rather than finding out what you owe when it is already due.
Other accounting services for London businesses
Stop running your business without the numbers.
We produce monthly management accounts, cash flow forecasts, and plain-English financial reporting for London businesses, entirely online, at a fixed fee agreed before we start.