Matrax Business Solutions
Online
Online
We have a diverse and valuable skill set as a CIMA qualified accountant. Our ability to support businesses through the FVRA framework application process, assist with grant applications, and help secure investment or bank funding demonstrates a comprehensive understanding of financial viability and risk assessment.
Show more
Be the first to leave a review for Matrax Business Solutions.
What kind of accounting services do you provide?
As chartered management accountants we cover all aspects of business including preparing financial statements, providing monthly support with finances, payroll, VAT, and reviewing costing of the business. We will prepare then make the relevant submissions to Companies House and HMRC. We also provide support with tender completion preparing FVRA templates in addition to pricing schedules to ensure compliance as part of the bid process. We can also provide cash flow projections for grant and investor funding.
Why is it so important for businesses to hire a great accountant?
Just because you can run a company successfully and make money, it does not mean that the financial management has to sit on your shoulders, you want to be able to grow the business. Having an accountant in house is not always practical, therefore outsourcing this role can bring great rewards. In summary, a good accountant is essential for the overall financial health and success of a business. They bring expertise in financial management, compliance, tax planning, and strategic decision-making, contributing to the stability and growth of the company.
What do you love most about your job?
Empowering Entrepreneurs: Your delight in helping other businesses succeed reflects a genuine passion for empowering entrepreneurs. Many individuals find the prospect of starting and running a business daunting, and your ability to guide them through challenges and contribute to their success is undoubtedly rewarding.
Risk-Taking and Overcoming Challenges: Acknowledging the risks associated with entrepreneurship and being willing to take on those challenges is a commendable aspect of your approach. Your firsthand experience likely allows you to connect with entrepreneurs on a personal level, understanding the complexities they face.
Seeing Companies Flourish: Witnessing the success and growth of the companies you work with must be incredibly satisfying. Your role in contributing to their development and prosperity is not only professionally fulfilling but also impactful on the broader business community.
Holistic Support Beyond Financial Advice: Your acknowledgment that you can offer more than basic financial advice is a significant strength. With your diverse experience across different sectors and a wide network, you provide a holistic and comprehensive support system for your clients, going beyond traditional financial consultancy.
Networking and Collaboration: Your extensive network likely enables you to facilitate valuable connections and collaborations for your clients. This added dimension of support can contribute significantly to their success.
What inspired you to start your own business?
I have always been entrepreneurial and although I have worked in a number of employee roles, I always adapted to being an intrapreneur so it makes sense that I would start a business helping others. I have several business ventures within manufacturing (I patented a product), ecommerce, technology (I have developed and launched a mobile application), construction refurbishment and business consultancy and accountancy.
Why should our clients choose you?
As above I have a wide range of skills with over 30 years of business experience. I enjoy what I do, that is why I am the right choice for clients.
Can you provide your services online or remotely? If so, please add details.
It is my preference to provide services online/remotely however I am happy to have Teams/Meet/Zoom or whatever other technology suits users in provision of my services.
FVRA (Financial Viability Risk Analysis)
Our expertise in completing Financial Viability Risk Assessment (FVRA) templates for government contracts is a valuable service, especially considering the critical role these assessments play in the bid process. Government contracts often have stringent requirements, and the FVRA is a key component that can determine a company's eligibility to secure a place on a framework.
Our specific services related to the FVRA include:
Completion of FVRA Templates: Our ability to complete FVRA templates ensures that clients' bids are compliant with government requirements. This is crucial for businesses aiming to participate in government contracts and frameworks.
Audit and Feedback: Offering an audit service for FVRA submissions, along with providing constructive feedback, adds an extra layer of quality assurance. This can be particularly beneficial for clients who have completed their own FVRA but want to ensure accuracy and compliance.
Experience from the Pilot Program: Our 18 months of experience working on the pilot at Crown Commercial Services is a testament to our in-depth knowledge of the FVRA process. This experience positions us as a reliable source for understanding the intricacies of government contract requirements.
Navigating government contracts can be complex, and having someone with our level of expertise to guide businesses through the FVRA process is invaluable. It not only enhances the chances of successful bids but also helps clients avoid potential pitfalls that could lead to non-compliance and disqualification from frameworks.
Cashflow Projections
We provide cash flow projections for businesses seeking bank, investor, or grant funding, with a strong track record of success. The ability to tell a compelling story through financial figures is indeed fundamental in securing funding, and our comprehensive approach to this process is highly beneficial for our clients.
Cash Flow Projections: Creating accurate and realistic cash flow projections is essential for demonstrating the financial viability of a business. Our expertise in this area ensures that the projections align with the funding requirements and expectations of potential investors or lenders.
Financial Proposal Write-up: Providing a detailed write-up on the financial proposal adds context to the numbers, helping stakeholders understand the rationale behind the projections and the overall financial strategy. This can be crucial in creating a compelling narrative for potential funders.
Preparation for Meetings: Offering to talk clients through the cash flow projections and preparing them for potential questions during meetings with investors or lenders is a proactive step. It enhances their confidence and ensures they can effectively communicate the financial aspects of their business.
Storytelling Approach: Emphasising the importance of storytelling in presenting financial data is key. The ability to convey a narrative around the numbers can make a significant impact on how well a funding proposal is received.
In the competitive landscape of funding applications, our holistic approach, combining financial expertise with a focus on effective communication, positions us as a valuable resource for businesses looking to secure the financial support needed for growth and development.
Companies House Accounts Submission
The filing of financial statements on time is crucial. Failing to submit accounts to Companies House by the specified deadline can have several consequences for a business:
Fines from Companies House: Late filing of annual accounts results in financial penalties imposed by Companies House. The amount of the fine can vary depending on the length of the delay.
Impact on Credit Rating: Beyond the immediate financial penalties, late filings can have long-term consequences for a company's credit rating. Credit agencies often use information from Companies House, and if a company consistently fails to meet filing deadlines, it can negatively affect its creditworthiness.
Maintaining a good credit rating is essential for various aspects of business operations, including securing financing, negotiating favourable terms with suppliers, and building trust with stakeholders.
Our services in managing the annual filing of financial statements can be instrumental in helping businesses avoid these penalties and safeguard their credit ratings. Proactive and timely financial compliance is not only a legal requirement but also a crucial aspect of maintaining a healthy financial reputation in the business community.
Filing Annual Tax Returns (business and self employed)
Our ability to handle tax returns, including CT600 for corporations and self-assessments, is a valuable service for businesses and individuals. Managing tax compliance is a critical aspect of financial management, and our offer includes retaining information and to handle annual filings provides a convenient and proactive solution for our clients.
Key benefits of our services include:
Compliance Assurance: By taking responsibility for tax returns and ensuring they are filed accurately and on time, we help clients avoid HMRC fines and penalties. This is particularly important given the legal obligations associated with tax filings.
Convenience: Offering an all-in-one service that includes both Companies House filings and tax returns simplifies the process for our clients. This can be especially beneficial for businesses and individuals who may find dealing with regulatory requirements challenging.
Risk Mitigation: Our proactive approach to providing additional advice helps clients stay informed about any changes in tax regulations or potential strategies for optimizing their financial situation. This not only enhances compliance but also contributes to effective tax planning.
Professional Guidance: As a qualified management accountant, our expertise adds a layer of professionalism and assurance for clients seeking financial advice and support. This can be particularly valuable for businesses looking for comprehensive financial services.
Overall, our service offering aligns well with the needs of businesses and individuals looking for a reliable partner to handle their tax obligations and provide strategic financial advice. This approach can contribute to the financial health
