Group consolidated accounts
Managing a group of companies? Our expert team specialises in preparing clear, compliant, and timely consolidated accounts for group structures of all sizes. Let us handle the numbers while you stay focused on your business goals.
What are Group Consolidated Accounts?
Consolidated accounts combine the financial data of a parent company and its subsidiaries into one single financial statement. These accounts offer a clear view of the group’s total assets, liabilities, income, and expenses as if it were one unified entity. This process, known as group accounts consolidation, is mandatory for medium and large UK groups under the Companies Act 2006. Even when not required by law, many growing businesses prepare consolidated accounts for transparency, investor confidence, and strategic planning.
Our Group Consolidated Accounts services
We provide end-to-end consolidated accounts services for UK and international groups. Whether you’re filing statutory group accounts or preparing internal consolidation reports, we’ve got you covered.
Our services include:
- Preparation of statutory consolidated financial statements
- Group structure review and consolidation eligibility checks
- Elimination of intra-group transactions and balances
- Adjustments for minority interest and goodwill
- IFRS and UK GAAP reporting formats
- Automated consolidation reporting using cloud software
Our team is equipped with the latest consolidation accounting software, ensuring accuracy and efficiency for every client.
Who needs Group Consolidated
Accounts?
You’re legally required to prepare consolidated accounts if:
- You are a parent company (UK or overseas) that owns one or more subsidiaries
- Your group meets two of the following:
- Turnover > £10.2 million
- Balance sheet > £5.1 million
- Employees > 50
Even if not required, consolidation is best practice for:
- Investors and lenders seeking group-level visibility
- Internal management teams planning expansion or mergers
- Franchise or holding companies assessing performance
Our Group Consolidation accounting process
- Group assessment
We evaluate your group structure and reporting requirements.
- Data Collection
We gather financials from all subsidiaries and verify inter-company transactions.
- Consolidation & Adjustments
We eliminate intra-group balances, apply necessary accounting adjustments, and prepare draft reports.
- Final Reports
You receive a fully compliant and professionally formatted set of consolidated accounts.
Benefits of working with Pearl
- Peace of mind with compliance and accuracy
- Fast turnaround for filing deadlines
- Tailored reports for stakeholders or investors
- Support during audits or due diligence
- Optional advisory for restructuring or exit planning
Need help with Group Consolidated Accounts?
Let Pearl chartered accountants handle the complexity. our consolidation specialists are ready to streamline your group reporting and ensure full compliance.
Need help with Group Consolidated Accounts?
Let Pearl chartered accountants handle the complexity. our consolidation specialists are ready to streamline your group reporting and ensure full compliance.
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