Finance

Six employees work in the Finance team at The Trafford Centre. The Finance Manager is responsible for five members of staff and reports to the Director of Operations at The Trafford Centre and to the Finance Director of Peel Holdings.

Each member of the team has a major discipline, but is also multi-skilled in order to cover holidays and sickness. The areas of responsibility covered are:

Payroll - Responsible for the correct and timely payment of salaries, PAYE and other employee deductions.

Purchase Ledger - Processing and subsequent payment of suppliers’ invoices.

Sales Ledger - Issuing all invoices to tenants and other third parties and credit control.

Internal Reporting - The provision of information to Trafford Centre Management, which includes:

  • Service charge costs v budget
  • Cash forecasts
  • Profit forecasts
  • Control of unrecoverable expenses
  • Management accounts
  • Statutory accounting

External reporting

  • Complying with VAT legislation
  • Complying with the requirements of £610m loan notes issue
  • Complying with current tax legislation