Profit first for training companies

Let’s be honest, the training and education sector can feel like a complex conundrum of rules and regulations. It takes a lot to stay on top of it. In this industry, you need some wool on your back for the inevitable day the Education and Skills Funding Agency (ESFA) gets its remittance wrong – then takes two months to sort it out. That’s where we come in.

Cloud is proud to partner training and education providers across the United Kingdom, helping them to accelerate their growth to the next level. Whether it’s the construction sector and crowd safety to social care or hair and beauty, we’ve become a trusted partner for a range of providers – even accountants!

profit first accounting

Our Expertise For Your Benefit

The team at Cloud have a wealth of experience working with training and education companies. As a Profit First accredited organisation, we can help your training company to strategically manage its finances efficiently and effectively, building a long-term platform for growth. We’ll make the money work for you, helping you to build a more profitable business in the process. Within our team we have hands-on client side experience working for apprenticeship training companies. In fact, one of our Director’s was previously Finance Director for a large training provider. That enables us to provide a unique offering as an accounting partner who understands the world of ESFA funding, Financial Health Assessments and OFSTED regulations.

We understand the challenges and can find the solutions.

Providing Added Value. Every time.

As a full service firm of Chartered Accountants, we’re able to offer training and education providers a wide range of options. Whether it’s accounts, tax, reporting or forecasting services, you can rest assured we have the expertise to help take your business to the next level. Furthermore, we also have an Independent Financial Advice arm of our business, which is critical to ensure we serve your long-term wealth building plans.

So how can we tailor our services to the training and education sector?

Well, to start with, we can monitor your company’s Financial Health Assessment. This is critical as it helps an apprenticeship provider stay in business. Also, when taking this into consideration, Cloud can advise on a variety of issues and provide appropriate solutions.

We all know that dividend strategies and tax minimisation form a key part of any accountants offering. Of course, many are experts in this field. However, this is much more niche. It’s a different ball game if they don’t understand the Financial Health Assessment. Why? They can risk putting you out of business. All for the sake of saving a few quid on your tax bill. Scary right? 

So why should you work with us?

  • Our experts can prioritise the important things first whilst ensuring your Financial Health Assessment remains as strong as possible. This enables your business to nurture the best possible relationship with the ESFA.
  • We get it. Good learner data is important in order to properly understand your business. That’s why we implement management reporting that encompasses both this and ESFA funding rules.

Not only that, but you’ll receive a full, honest and open insight into the VAT rules that are specific to training businesses. If not properly handled by an industry-experienced accountant, this is another area that can easily get a training provider into financial trouble. You’ll be pleased to hear that we have a 100% success rate with our client’s VAT inspections – including those with complex exemption issues. If your business trades in apprenticeships and learner loans, that probably includes you.

Are you an education and training provider looking for an expert accountancy partner? Contact our experts at Cloud today for a confidential discussion on how we can help take your business to the next level.