Retail Sector Accounting

World class accounting from award winning chartered accountants you can trust

Accounting For The Retail Sector

Unsurprisingly, the retail industry is the biggest employer in the entire of the UK. In fact, retail sales reached £381 billion last year. It’s clear that this sector is important to the economy, and needs an accountant to manage each business’s finances effectively.

However, a massive threat is clouding the industry, preparing to change the way we trade forever. A shift from high-street shopping to online orders has changed the way consumers shop, how much they spend and how they behave financially. In fact, the heavy increase in cheap, international trade looks to drive down the economic value of UK goods permanently.

It’s important, now more than ever, that companies hire chartered accountants to manage and asses their finances.

We Have Open Minds

Here at Nordens, we understand that the recent shift in consumer habits makes the ongoing evaluation of finances more essential than ever. Not only is the cost of labour and product importation more expensive, but the demand for low prices and fast delivery is the highest it’s ever been. Businesses are being forced to drop prices, whilst paying more in operating costs, to ensure people don’t cease trading with them.

Obviously, falling sales and higher costs are detrimental to both the industry as a whole and individual business. We want to work with you to combat this global issue. We’ll assess your current business plan and financial situation to see what costs we can reduce instantaneously. Beyond that, we can reorganise your budget to leave you with enough profit to reinvest into attracting more customers to your business.

Retail Accounting With Nordens

The retail sector is more competitive than ever, you need to be able to stand above the rest. Whether you’re a well-established luxury brand or a first-time small business owner, we have the industry know-how and experience to help you. We understand that you need more than advice to battle the complexities of modern trading, you need actionable steps too. Whether it’s legal support or business strategy advice you need, we’ll go above and beyond to help.

We Think Long Term

We Understand The Retail Sector

You can rightfully assume that the Nordens team is full of retailing experts. After all, it is one of the biggest industries in the world. In our many years working with businesses like yours, we’ve seen it all. In fact, there isn’t a problem that we haven’t faced yet. From issues regarding audits for the industry giants to problems processing payroll for local corner shops, Nordens have solved it all. The size and age of your company don’t matter to us – we guarantee that we have the appropriate team to help you.

Our Retail Sector Experience

We started working with companies in the retail industry long before online shopping took off. We’ve seen both the rise and fall of the profitability of each area of the industry and the financial impact of consumer trends. Nordens have spent decades facing new problems, brought forward by advancements in technology and the way we shop. The quick-thinking of our accountants has been saving and reshaping businesses for over 20 years now. It’s time we saved yours too.

We See Opportunity

Retail Sector Focused Accounting

Complete accountancy and bookkeeping services for the retail sector

Your proactive team includes your own dedicated accountant and bookkeeper to ensure your business is running smoothly.

Payroll for directors and employees

Dedicated accountant and bookkeeper

Incredibly Fast response times

Voted as EXCELLENT – 9.9 out of 10 based on 164 reviews

Chris Dyer
Director – Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Simon Cushing
Founder – Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Christopher Wilce
Founder – Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice.

Retail Sector Business Services

At Nordens, we’re proud to say that we’re equipped to deal with every aspect of accounting – no matter how complex. Why not explore our extensive catalogue of services below.

Employee
Payroll

Administrative duties could be tedious and time-consuming. Hence, we always recommend that time is spent doing other obligations in the business. While we are fully aware that prompt settlement of staff and other expenses related to their…

Bookkeeping Services

Every business, irrespective of the organisational structure, has to carry out bookkeeping functions. This is beyond recommendation as it is highly important. This is because, with adequate bookkeeping, a business firm will be able to keep…

VAT
Returns

Value Added Tax Returns are to be presented to HM Revenue and Customs (HMRC) every accounting period (precisely three months). Whether you have VAT to pay or not, you still need to do this. Contained in the VAT returns are…

Workplace
Pensions

No matter how long one may be in a company’s service, retirement will surely come. You will end up as a retiree who has to depend on a pension. Well, a workplace pension is a good way to start preparing for retirement. It will help…

Company
Tax Returns

Company Tax Returns are tax assessments levied on the profits made by a company. As a separate legal entity, every company is required by legislation to file for and pay company tax returns. Company tax returns are paid…

SEIS
Investments

The SEIS (Seed Enterprise Investment Scheme) was formed by HMRC in early 2012 with the aim of helping smaller start-up businesses to raise finances via investors. This is done by delivering a number of tax relief on investments, which aid the…