FAST-MOVING

CONSUMER GOODS

OUR FMCG ACCOUNTING EXPERTISE

 Since the early days of our business, we’ve worked with some phenomenally successful start-ups in the fast-moving consumer goods (FMCG) industry.

We take great pride in our FMCG clients’ successes – from seeing fantastic brands like Double Dutch and LoveRaw outgrow us and build their in-house finance teams, to supporting the founder of Mallow & Marsh on the successful sale of her business. We’ve supported founders through the preparation of Dragons Den pitches and dealt with the overwhelming response when they ‘blew up’ on screen and secured investment from Steven Bartlett and Peter Jones. Simply put, there isn’t much we haven’t seen or done in the FMCG industry!

Dealing with FMCG-specific challenges

Attracting & satisfying investment

Many FMCG businesses require external investment to be able to meet their growth plans. To attract and satisfy financially literate investors, having up-to-date and accurate management accounts and forecasts is a must. Our clients entrust us to deliver this as a matter of course and ask us to help them build multiyear financial forecasts

Working with big retailers

Dealing with large retailers (like supermarkets) is something that FMCG businesses usually desire and is required for their growth. But, doing so requires a robust financial operation and a strong understanding of margins when you’re negotiating prices and promotions.
We regularly provide both for clients who are adept at working with the invoicing and debit note systems of all the major retailers. Many larger retailers rate suppliers on performance aspects (such as invoicing accuracy) and low scores can contribute towards delists. We can support your invoicing accuracy through systems set-up and inventory/order system integration

Management accounts & inventory

To get meaningful management accounts, you need accurate inventory (stock) records. This encompasses not just the physical count but the whole system of purchasing and sales – for e.g, recognising when stock was invoiced and received. We can build in support for this via our bespoke plan, should businesses need a little more support in this area. We can also advise on software packages that integrate with Xero to manage inventory. 

Direct-to-consumer channels

Increasingly, FMCG businesses are developing their own direct-to-consumer (D2C) channels. These should be tracked as a separate business unit within the accounts ledgers to facilitate reporting. The logistics often have a very different cost profile and it’s important to understand things like customer lifetime value (LTV) and marketing customer acquisition cost (CAC). We can provide this through tracking category reporting and bespoke management accounts. 

Reviews

Andrew Wallis 

OBE

Unseen, UK

As the charity was rapidly growing we needed to improve the financial controls and reporting and then management to ensure we were and remain a well-run and financially knowledgeable organisation. By working with Portt & Co, we achieve this and more. As they are the experts, we don’t have to waste valuable time distracted from our mission as we know they have got our back always.

Warren Madlin

MadlinHanna

Knowing the need we had for a highly personal, flexible and credible accounting partner, a contact of ours put us in touch with Matt Portt. Ever since, there has been no reason to look elsewhere. I see Matt and the team as our safety blanket, making sure we never fall foul of the rules and constantly going beyond the call of duty.  I rely on Portt & Co to do what they are experts at, freeing up the time I desperately need to focus on my own expertise and deliver for my clients.  

Harriot Pleydell-Bouverie

Mallow & Marsh

Portt & co have been fantastic for us. They started off just doing some basic book keeping for us, which they not only perfected, but went above and beyond and helping recommend areas we could improve / develop. We then brought them on to help us develop our reporting and monthly accounts and help manage all day to day finance – they’ve been instrumental in delivering excellent financial management for the business.

WHO WE SUPPORT

CHARITIES

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CONSTRUCTION
COMPANIES

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FMCG BUSINESSES

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B CORPS

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SERVICE-BASED
BUSINESSES

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OVERSEAS COMPANIES

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OUR SERVICES

CARBON ACCOUNTING 
& BOOKKEEPING

Get the accurate and timely CO2 and GHG emissions data you need to reduce your organisation’s environmental impact, meet customer and regulatory requirements, and save money.

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OUTSOURCED FINANCE DEPARTMENT

Receive quality financial data that will help you make the best decisions for your organisation – while saving time and worry. Check out our outsourced accounting, bookkeeping, management accounts, payroll and financial strategy services.

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