Leisure, Tourism and Hospitality
How can we help you?
Our network of independent firms has a breadth of knowledge in this area, which has been developed from working with so many types of businesses from across the leisure and tourism sector.
We offer a variety of specialist services including:
- Accountancy Services
- Capital Allowance Service
- Specialist Hotel Consulting Services
- Family Business
- Corporate Finance & Strategic Advisory Services
Our teams have specific sector knowledge which allows us to provide proactive and bespoke advice.
Here are some examples of how we can help:
Financial control and compliance
PKF understands the hotels sector and we have structured our auditing and accountancy services around three key benefits: an independent overview of the decision-making process, assurance that your financial statements comply with financial regulations, and regular reporting on the status of your financial control.
Our audit methods follow a risk-based approach supported by an integrated computer platform that lets us identify key issues and then concentrate on delivering an efficient and high-quality service.
Focused tax solutions
PKF can provide a dedicated team to give you continuous support and create imaginative solutions for all your taxation needs, whether it be to limit your liabilities or to improve your business flexibility. With VAT corporation tax, capital allowance schemes and employment tax services a speciality we can help you make major savings.
Protecting your interests
Family Businesses, B&Bs to large hotel chains can all be prey to cash flow problems and erratic profit performance. If you find yourself facing financial difficulties or even the prospect of business failure, our restructuring services can help. Our hotel forensic experts can be there to advise on appropriate courses of action as well as appear as an expert witness should you need them.
Helping you to grow
If you plan to expand, our experienced consultants can prepare bankable feasibility studies, find you an appropriate operator for your development projects and prepare market and property due diligence reports for hotels and portfolios to purchase. Our corporate finance partners can help you in your search for appropriate acquisition targets, guide you through MBOs or MBIs, navigate your way through the complexities of raising finance at the right price and even the prospect of going public. Our tax capital allowance specialists will help you carry out a full appraisal of your costs when planning new construction or renovation projects.
Support from the experts
In the hotel industry it’s not uncommon to experience a flow of constantly changing customers and the requirement for ongoing development, means operational and performance costs must be kept in line to avoid sinking under pressure. Our financial outsourcing experts will advise you on the right solutions for your business enabling you to:
- Free up staff and resources
- Focus on any issues that need resolving in monthly management accounts
- Keep your finger on the financial pulse
- Consolidate your accounts to see the bigger picture
- Remain compliant with tax and legal requirements
- Ensure bespoke reporting, tailored to your unique needs
In an industry that is vulnerable to fluctuations in economic fortune as well as international turmoil, our hotel experts can give you vital advice on how to improve your competitive edge and increase your profile in the marketplace.
With offices throughout the UK and Ireland we can offer valuable support and deliver local insight and expertise – wherever your business is situated.
The hotels business is a people business and our people are the experts in their field. We pride ourselves on being able to provide both a personal and professional service.