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Moore and Smalley

North West hotels cutting costs to stay profitable, finds report

Hotel Bell

  • Moore and Smalley’s annual Hotel Benchmarking Review, which examines the accounting data of over 50 hotels across the region, recorded a marginal increase in average net profit for hotels in spite of an average drop in turnover of five per cent.

According to the report, which compares figures for 2011 with the same period in 2010, hotels have managed to achieve this slight upturn in profit even with increased staff costs, suggesting that significant cuts are being made elsewhere.

Judith Dugdale, head of the leisure and tourism team at Moore and Smalley, said while it was good to see hoteliers being prudent, hotel businesses had to guard against cutting costs too deeply, especially in areas such a marketing and investments in product quality.

 

Services

Focus on: Private Client Service

Your journey though life presents opportunities and risks in equal measure.  The decisions you make and the quality of advice you receive will ultimately determine how you maximise those opportunities and manage the risks.

Our private client service is as distinctive as you.  Whether you have already built up considerable wealth and assets or are still in business, your personal goals, family situation, aspirations and requirements will be totally unique.  Only a bespoke, tailor-made approach will suffice.

Tony Medcalf and Graham Gordon are personally responsible for delivering this discreet service, which combines high level technical expertise and unrivalled personal attention.

This is what makes our service unique.

The Moore and Smalley blog

Recent blog post: Building a winning team: reaping the rewards of a shared vision

Recent blog post: Managing the use of social media

 

Recent webcast: Is philanthropic giving a thing of the past?

Recent webcast: Using flexible benefits to reward your workforce

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Recent Publications

In the Spotlight

NW Finance Director Network

NWFD Event InvitationThe NW Finance Director Network is rapidly becoming one of the largest accountancy and finance networking groups in the area and welcomes Finance Directors and Senior Financial Controllers looking to continue their personal development.

The next event is being held on Thursday 21st July 2012 at Farington Lodge, and includes presentations on:

- How to attract, reward and retain staff tax efficiently

- How private equity can help you achieve your growth objectives.

For further details and information on how to reserve a place please click here.

Resources

The Moore and Smalley App

The Moore and Smalley app allows users to calculate personal and corporate tax rates, understand savings available under a number of tax incentives, and work out how much tax is payable on various forms of income and business transactions.

The app, which can be downloaded online and used on smart phones and hand held devices, also details the range of different services provided by the firm, contact details for its various offices, and the firm’s latest news.

The app can be found by searching for ‘Moore and Smalley app’ online and in mobile app stores.

All the tax tables will be updated following the Budget so if you already have our App don't forget to download the updates that will be sent to your mobile.

Other online resources

Careers

Our greatest asset

Moore and Smalley is committed to investing in its greatest asset - its people. We are always keen to hear from potential partners, staff and students who feel they can enhance the service Moore and Smalley offers to its clients.

An Investors in People re-assessment in November 2008 found that the required high standards are being maintained in all areas.

Find out more about working for the Accountancy Firm of the Year.

Poll

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