Group Consolidation in 5 Days. Not 21.
IFRS 10-compliant consolidated accounts for multi-entity groups — delivered by Big 4-trained specialists with a proven process that cuts your close cycle by up to 78%.
Everything in Your Consolidated Pack
A complete, auditor-ready consolidation — not just a summary report.
Built for Finance Leaders Running Complex Groups
If your group has more than two legal entities, you need a consolidation process that scales.
Holding Group CFO
Managing 3–10 legal entities across multiple jurisdictions. Monthly close is eating your team's time. You need a repeatable, auditor-ready consolidation process that doesn't require a Big 4 retainer.
PE-Backed Portfolio FD
Your PE sponsor wants consolidated management accounts within 7 days of month-end. Your current process takes three times that. We build the methodology, then run it.
Listed Parent With Overseas Subsidiaries
Multi-currency consolidation under IFRS 10 with IAS 21 translation. You need LucaNet or SAP BPC-level accuracy without the implementation headache.
Our 5-Step Consolidation Process
Documented, repeatable, and built to the same standard your auditors expect.
Subsidiary Data Collection
We design and distribute a standardized reporting pack to all subsidiaries. Every entity submits in the same format — no reformatting required.
Trial Balance Mapping
We map each subsidiary's chart of accounts to the group chart, handling any structural differences between entities.
Elimination Journal Preparation
All intercompany balances are matched, reconciled, and eliminated. Investment eliminations, management fees, loans, dividends — nothing missed.
Consolidated Financials
We produce the consolidated P&L, balance sheet, and cash flow statement with NCI disclosures and currency translation reserve movements.
Variance Commentary
Each consolidated pack includes a written variance analysis — actuals vs. prior period and budget — ready for board or investor distribution.
Consolidation tools we work with
Working with a different platform? We adapt to your stack.
Reduction in quarterly close cycle
From 21 days to 5 days for a 7-entity holding group across 4 currencies, delivered under IFRS 10 using LucaNet. Auditors specifically noted the quality of the intercompany elimination workings.
— James Morrison, CFO, Northgate Holdings
Frequently Asked Questions
What is IFRS 10 group consolidation?
IFRS 10 sets out when a parent company controls another entity and must combine its subsidiaries into a single set of consolidated financial statements. Consolidation eliminates intercompany transactions and balances, translates foreign subsidiaries into the group currency, and accounts for non-controlling interests and goodwill. It applies to groups reporting under IFRS, which includes listed and many private groups in the UK, EU and Middle East.
How fast can you close and consolidate a multi-entity group?
We deliver IFRS-compliant consolidated financial statements in 5–7 working days after all entities submit their trial balances. Clients moving from a spreadsheet-based process regularly cut their consolidation cycle by 70–78%.
Do you consolidate under UK GAAP (FRS 102), US GAAP or German HGB as well as IFRS?
Yes. We prepare consolidations under IFRS 10, FRS 102 Section 9 for UK groups, ASC 810 for US GAAP reporters, and §290 ff. HGB for German Konzernabschluss, and we handle groups that report under one framework locally and another at parent level.
Which consolidation software do you use?
LucaNet (widely used by German and European groups), SAP BPC, OneStream, Oracle FCCS and NetSuite multi-book. For smaller groups we build a controlled Excel consolidation model with full elimination and FX workings.
How do you handle intercompany eliminations and foreign currency translation?
We run a monthly intercompany reconciliation across all entities, agree mismatches before close, and apply IAS 21 translation using closing-rate for balance sheets and average-rate for income statements, posting the resulting CTA to reserves with a full audit trail.
How is our financial data kept secure?
All work is done inside your own cloud accounting system and file storage — we never move your ledger onto our infrastructure. Access is granted per user with least-privilege roles and two-factor authentication, staff sign NDAs, and we support UK GDPR, EU GDPR (DSGVO) and US data-handling requirements. Access can be revoked instantly at any time.
Do you work in UK, US or European business hours?
Yes. Our team in Karachi (UTC+5) overlaps the full UK and German working day and the US East Coast morning. For US Pacific clients we schedule a dedicated afternoon window. Every client has a named lead who answers within one business day, usually within hours.