Supporting the backbone of the food industry

At MSF Associates, we specialise in offering top-tier accounting services tailored for the food wholesale sector. We understand that while you're passionate about delivering quality food products, managing finances can often feel like navigating a tricky maze. That's where we step in. Our mission is to seamlessly take away the weight of financial management, allowing you to focus on what you do best.

But more than that, we're here to ensure that every 't' is crossed and every 'i' is dotted, mitigating the risks and the subsequent stress of potential financial missteps. With us by your side, you're not only gaining a group of skilled accountants, but also approachable professionals who genuinely care about your business's financial well-being.

How we cater to takeaway businesses

Inventory accounting

We know that managing large, diverse, and often perishable inventories is at the heart of a wholesaler's operations. Our team provides meticulous inventory tracking, valuation, and analysis to optimise stock levels, reduce waste, and maximise profitability.

Cash flow management

With multiple suppliers and clients, managing cash flow can become intricate. We streamline your receivables and payables, ensuring timely collections, payments, and healthy cash flow.

Tax planning and compliance

The food wholesale industry, with its specific tax implications, requires an expert touch. We navigate complex VAT scenarios, capitalise on available deductions, and ensure full compliance with UK tax regulations.

Profit margin analysis

By assessing profit margins on various products, we provide insights into which items offer the best returns, guiding your purchasing and sales strategies.

Business growth advisory

Whether you're considering expanding your product range, venturing into new markets, or streamlining operations, our data-driven advice helps you make informed decisions.

Integrated digital solutions

Leveraging the latest accounting technologies, we provide real-time financial data and analytics, ensuring you're always informed and ready to adapt to market changes.

Our accounting services for food wholesalers

Some of the key accounting services we offer at MSF Associates include:

VAT and taxation management

Given the complexity of the UK's VAT system, especially concerning various food items which can have different VAT rates or exemptions based on their nature and preparation we assist you in correctly determining and applying these rates. This ensures accurate VAT returns, adherence to HMRC guidelines, and optimal tax planning. Additionally, we take on the burden of tracking corporation tax liabilities, capital allowances on warehouse and distribution equipment, and advise on tax-efficient structures and strategies.

Business advisory and growth planning

Given the competitive nature of food wholesaling, we offer strategic financial consulting to aid in expansion, mergers, acquisitions, or diversifying product lines. This could involve analysing profitability across different product ranges, assessing financial feasibility for expanding into new markets, and providing insights into industry trends and benchmarks. For those seeking external financing or partnerships, we can assist in preparing robust financial projections, business plans, and due diligence reports.

MSF is an outstanding accounting firm! Their staff is friendly, knowledgeable, and attentive to our needs. They provided us with the guidance required for us to make the best decisions for our business finances.