Pelvar — the agentic month-end close for UK groups.
Groups with multiple companies and currencies spend days every month combining their books by hand. Pelvar runs that close with an AI agent — reconciles the balances between entities, gets the currency right, and writes the result back into the accounts. Audit-ready group accounts in a fraction of the time.
Group Close — May 2026
| Relationship | Entity A | Entity B | Status |
|---|---|---|---|
Holdings → Deutschland Loan | €4,200,000 | €4,200,000 | Matched |
Holdings → US Loan | $2,800,000 | $2,797,140 FX gap £2,140 | Review |
Holdings → Ireland Loan | €1,500,000 | €1,500,000 | Matched |
Deutschland ↔ Ireland Trading recharge | €240,000 | €240,000 | Matched |
| Revenue | 42,804,000 |
| Cost of sales | (26,118,000) |
| Gross profit | 16,686,000 |
| Operating expenses | (9,795,000) |
| EBITDA | 6,891,000 |
| Depreciation & amortisation | (1,401,000) |
| Operating profit | 5,490,000 |
| Net finance costs | (1,284,000) |
| Profit before tax | 4,206,000 |
Pelvar · Group Close screen · in-build product UI
Group close, by hand, every month.
If you operate a UK group with more than one entity, the month-end consolidation looks roughly the same everywhere. Each entity closes its own books. Someone exports those books into a spreadsheet. Intercompany balances are matched by hand. Currencies are translated by hand. Adjustments are journaled, then re-journaled when something doesn't tie. The result is a group P&L, balance sheet, and trial balance that an auditor can sign off on — produced days later than the underlying entity closes.
The problem is not the accounting. It is the volume of repetitive, exact work needed to do that accounting reliably across entities, currencies, and books that don't sit in the same system.
Three things, in the right order.
Multi-currency intercompany that balances.
Pelvar reconciles intercompany transactions across entities, translates between functional currencies, and surfaces the differences that actually need a human — not the ones that resolve themselves.
Write-back into the books.
Adjustments don't sit in a spreadsheet. Pelvar posts elimination, translation, and consolidation entries back into the source accounting system, so the books and the consolidation never disagree.
An agent that runs the close.
An AI agent runs the workflow end-to-end on a schedule, asks the team only for the judgement calls a human should make, and produces audit-ready group accounts at the end.
UK groups, on Xero.
Designed for
- UK-headquartered groups with two or more operating entities
- Multi-currency books — typically GBP plus at least one of EUR, USD, NGN
- Finance teams running on Xero today (NetSuite to follow)
- A monthly close cadence with an external auditor signing off the result
Adjacent, not yet
- Single-entity businesses (the work is just close, not consolidation)
- Groups on a single mid-market ERP (less of a hand-stitched problem)
- Pure intra-region single-currency groups (lower-value first version)
Forward Engineering, made visible.
Pelvar started as a problem we saw up close — inside operating engagements, in finance teams losing the first week of every month to a manual group close. We engineered it forward into a product: an agent for the close, built by people who have run the close.
It is the first place the studio's flywheel has produced a flagship.
Design partner enquiries.
Pelvar is in build with a small number of design partners. If you run a UK multi-entity group, close monthly, and want to be part of shaping the product — get in touch and we'll be in contact within one business day.