Smart financial management for independent restaurants, pubs, hotels and catering businesses designed to monitor and improve both business performance and profitability.

Organisations in the hospitality sector tend to operate in a very competitive marketplace that is sensitive to the economic climate. We find common issues include:

  • Seasonal trading patterns and a lack of access to sufficient credit during quieter periods
  • The treatment of tips, staff benefits and VAT that if not done correctly can result in an unwanted tax bill
  • Difficulty in raising finance to fund expansion in terms of a new site or refurbishment of an existing site
  • Maintaining margins in the face of rising food prices
  • Compliance in relation to recruiting staff and health & safety

Wellers' hospitality team can help you with:

  • Bookkeeping, cash flow forecasts and management accounts
  • The provision of a back office function and software that allows you to better monitor the dynamics of the business on a regular basis
  • Advice on producing a robust business plan and how to negotiate with banks and sources of finance
  • Tax planning – identifying potential reliefs and savings
  • Setting up a system that is compliant in terms of the treatment of tips and gratuitie
  • Fulfilling the role of Financial Director when required

The hospitality team

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Matthew Wyatt FCA

Matt works primarily in the London office and leads the firm's leisure
and hospitality team.

 

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Stuart Crook FCA

Stuart advises MDs and FDs on the strategic side of running a business
as well as financial processes.

 

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Joe Lennon FCCA

Joe has an in depth knowledge of hospitality businesses having advised many clients in the industry.

 

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Our experience

We have dealt with a number of clients in an advisory capacity covering many key areas, not just compliance. This has included the strategic direction of hospitality businesses and the associated tax planning for corporate entities and stakeholders. 

Other work we have performed includes:

Types of clients we have helped

Our teams deal with a large number of SME businesses ranging from start-ups to independent chains. These inlcude:

  • Bars
  • Cafés
  • Caterers
  • Gastro pubs
  • Hotels
  • Pubs
  • Restaurants

Testimonial

Thom Elliot, Founder of Pizza Pilgrims

“It has been a pleasure working with the team at Wellers. They have a detailed knowledge of the sector, are prompt and helpful with all their interactions, and have worked really closely with our finance team to really understand what we do. They are a great bunch who I would be happy to go for a beer with.”

Thom Elliot, Founder of Pizza Pilgrims