Close & reporting
Consolidations
Multiple UK entities, subsidiaries or trading locations combined into one consolidated management set of financials, with intercompany balances eliminated while each entity still sees its own results each month, ready for a board or lender to read as one group.
Management report
Illustrative client · August 2026
GBP
| Line | Aug | Jul | |
|---|---|---|---|
| Revenue | 142,380 | 131,904 | +10,476 |
| Cost of sales | (51,260) | (48,115) | (3,145) |
| Gross profit | 91,120 | 83,789 | +7,331 |
| Payroll | (46,300) | (45,900) | (400) |
| SoftwareNoted | (6,480) | (5,490) | (990) |
| Rent | (8,000) | (8,000) | 0 |
| Other operating | (9,215) | (9,870) | +655 |
| Net income | 21,125 | 14,529 | +6,596 |
Reviewer's note
Software is up on last month after two seats were added mid-month. Revenue includes one milestone invoice that will not repeat next month.
Illustrative. An example of the document, not a client's figures.
One picture, several entities
A UK group with more than one company, or a single company running several trading locations, usually needs both views: how each entity is doing on its own, and how the group looks combined. We build the consolidation while keeping each entity's individual reporting intact, so nobody loses the detail they were already using day to day.
What's involved
- Chart of accounts mapped consistently across every entity in the group
- Intercompany transactions and balances identified and eliminated
- A consolidated profit and loss and balance sheet
- Entity-level financials preserved alongside the consolidated view
- A consolidation checklist documenting every elimination made
This is management reporting, not the statutory group accounts
The consolidation we build feeds board packs, KPI tracking and lender or investor reporting each month. It is separate from statutory group accounts filed at Companies House, which stay with your appointed accountant; where those are needed, we support the underlying numbers rather than filing them ourselves.
Mixed software across entities
Entities do not need to run the same accounting software. We can consolidate businesses on Xero, QuickBooks Online, Sage or a mix of the three, as long as the underlying data in each is reliable and maps to a shared chart of accounts, even where one entity joined the group partway through the reporting year.
Delivery
Built monthly and reviewed by a senior principal before it reaches you, working from the group's existing files rather than asking every entity to migrate onto a single system first.
Questions
Frequently asked questions: Consolidations
Can a new entity join the consolidation partway through the year?
Yes. Its opening position is brought into the mapped chart of accounts and consolidated from the date it joined the group.
Does each entity still see its own standalone results?
Yes. Entity-level reporting stays intact alongside the consolidated view, so nothing is lost in the roll-up.
Does this replace our statutory group accounts?
No. This is monthly management consolidation for board and lender reporting. Statutory group accounts filed at Companies House stay with your appointed accountant.
How are intercompany balances between UK entities handled in the consolidation?
Intercompany loans, recharges and trading balances are identified and eliminated so the consolidated result reflects the group's position with the outside world, not inflated by transactions between entities that own each other. Any balance that does not net to zero is flagged for review.
Can a consolidation include an overseas subsidiary alongside UK entities?
Yes, an overseas entity's figures are translated to sterling using the appropriate exchange rate method before consolidation, and any translation gain or loss is tracked separately so it is visible rather than buried inside an operating result.
Do all entities need to use the same accounting software?
No, though it makes the mapping easier. We can consolidate entities running on different software as long as the underlying data is reliable.
What is an intercompany elimination?
It removes transactions between your own entities, such as one subsidiary billing another, so the consolidated numbers show only activity with outside parties.
What is included in consolidations?
Consolidations covers chart of accounts mapped consistently across entities and intercompany transactions and balances identified and eliminated. The exact scope is agreed and set out in writing before work starts, so you know precisely what is and is not covered before the first deliverable arrives.
How is consolidations priced?
Pricing for consolidations depends on your transaction volume, the software you use, and how much cleanup is needed before ongoing work starts. Current ranges are published on the pricing page, and your exact fee is confirmed in writing before anything begins.
Related services
- Close & reportingMonth-end closeA repeatable monthly close that ties every account back to source records and hands you a finished set of financials on a predictable date each month.
- Close & reportingManagement reportsMonthly profit and loss, balance sheet and cash flow packaged with a plain-English narrative so the numbers explain themselves before anyone has to ask a question.
Industries
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.