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Leisure and Tourism

The leisure industry is one of the top growth sectors in the North-West economy, and we are proud to already have a large client base in this sector. Within the leisure sector we deal with a number of types of clients:

HOTELS, GUEST HOUSES, RESTAURANTS AND BARS

In this sector we look after clients ranging from pubs and restaurants, small guest houses, large hotels with over 60 rooms and hotel groups with 15 hotels,  located throughout the North West.   Turnovers vary from £50k to over £5m, but we often find that whatever the size or location of the business similar issues arise.  As well as the provision of annual audit and accountancy services, we can provide quarterly management accounts, book-keeping services, and assistance in raising finance to fund expansion. Our large tax department advise owner-managers on issues with VAT, national insurance contributions, corporation tax, income tax and capital gains tax. 

Click on the image below to download a pdf of our sector credentials.

Leisure and Tourism Credentials jpg

A genuine and active interest in the hotels and leisure industry has enabled us to build relationships with key industry advisors and professionals within the sector.  We are members of the ICAEW Leisure Special Interest Group, Cumbria Tourism, Lancashire & Blackpool Tourist Board, Bay Tourism and the British Association of Hospitality Accountants.

We have specialist sector knowledge in areas such as:

 - Hotel management and reservation software, in particular Guestline and its rivals

 - Strategic reviews to reduce costs and improve efficiency based on key performance indicators, such as wage costs, investments in hotel improvements and occupancy rates

  - Human resources and payroll; seasonal demand, overseas workers and high staff turnover add considerable complexity to the one of the largest outgoing costs that business in the leisure sector face. 

Sector specific events

Previous

  - Lancashire Tourism Roundtable 21 September 2011.  Moore and Smalley hosted some of the key players in Lancashire's Tourism Sector at a special event in Blackpool.

 - Cumbria Tourism Roundtable on 18 May 2011 - Moore and Smalley's annual Cumbria tourism roundtable brings together the region's sector specialists and thought leaders to discuss issues of importance.

- Lakes Hospitality Association Lunch May 2011 - Moore and Smalley's VAT specialist, Stephen Adams gave some top VAT tips to members at the Holbeck Ghyll 

- Bay Tourism AGM, 4 April 2011 - Moore and Smalley's VAT specialist, Stephen Adams gave a lively presentation to members at the Midland Hotel, Morecambe.

We also produce a quarterly newsletter, ‘Hospitality Update’ and issue industry specific, topical articles to the regional press.

For a no obligation consultation, contact Judith Dugdale on 01772 821021 or Colin Johnson on 01539 729727 

ASSISTANCE WITH BUYING A HOTEL

Buying a hotel is a major investment - it is vitally important to ensure you get the correct advice at an early stage in the process. Our team of experienced Leisure and Tourism specialists are able to assist you at any stage in the transaction, whether by carrying out a valuation of a hotel business, performing due diligence or investigations work specifically designed to reduce the risks of acquisition or by helping arrange finance for the hotel purchase.

We have two specific products available read more here: Assistance with buying a hotel pdf

1. Pre purchase review

2. Hotel financial model

Contact Paul Bennett on 01772 821021

HOLIDAY AND HOME PARKS

We act for holiday and home park businesses throughout Lancashire, Cumbria and beyond. The parks we look after are a mix of residential and holiday parks and range in turnover from £30k to over £1.5m.  

Like other businesses in the leisure sector holiday parks in particular suffer from taxation and human resources issues arising from the seasonal demand for their services, alongside several issues with VAT on property. Our taxation and HR specialists can provide expert advice in these areas.

For a no obligation consultation, contact Damian Walmsley on 01772 821021

SOCIAL/MEMBERS CLUBS

Key issues for social clubs tend to be the raising of finance for expansion or repair of club property, and compliance with the often complex rules of membership organisations.

Our wide ranging experience leaves us well placed to offer the specialist services needed to succeed in the leisure industry.

 

Our Publications

Hotels Update

To read earlier editions, go to our archive

Useful Links

Bottomline Newsletter

 Bottom Line Autumn 2011 jpg In Business Autumn 2011 jpg
The Firm Winter 2011/12 Jpg Property Matters Spring 2012 jpg

  

  

Poll

How is your business going to take on the economy in 2012?
Launch new products and services.
Closely monitor costs / get to grips with cashflow.
Look further and wider for new sales opportunities.
Be positive and willing to take a risk.
Train or hire staff to upskill the business.
Results!