Business and Xero accountants and advisors

Energy

We provide tailored accounting services for UK renewables and oil and gas service providers from our base in Somerset and Devon. Our expertise in high-risk projects, pricing and strategy helps you deliver profitable results.

The energy sector thrives on rapid turnarounds, meticulous financial management, and the ability to navigate high-risk scenarios. Even minor errors can drastically impact profitability on multi-million dollar projects. Wessex Commercial’s team has worked on major overseas projects, giving us a deep understanding of these complexities.

We tailor accounting systems specifically designed for real-time project tracking, cost control reporting, and the financial insights crucial for risk mitigation and strategic decision-making.

Photo of Graham, a Somerset-based chartered accountant with expertise in the oil and gas energy sector, sitting at a desk with a laptop

Mitigating risk, maximizing profitability in the energy sector

Unfavorable contracts can cripple energy projects, impacting both short-term profitability and long-term growth prospects. Wessex Commercial has proven success in turning loss-making contracts into profitable ones.

Our team provides strategic insight into pricing strategy, comprehensive cost analysis, and skilled negotiation tactics to strengthen your position in contract discussions and secure optimal outcomes.

Business person talking about management systems with a colleague outdoors

Extended payment terms in the energy sector create cash flow concerns, hindering operational efficiency, and stifling expansion. Wessex Commercial’s customised cash flow forecasting and management tools provide essential financial visibility and control to navigate these challenges.

Our expertise in ever-changing tax and regulatory compliance across diverse energy sectors minimises the risk of costly penalties, allowing you to focus on your core business.

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