Hospitality, Travel & Leisure

Fulfil all your financial, tax reporting and other obligations without losing sight of profits

Let's Work Together

Fostering high performance in your business

Post-Brexit and Covid-19 challenges have created a huge dent in the earnings of the hospitality, travel and leisure sector. These bad times will soon pass and your business must be innovative to face the challenges ahead. DSK will assist to take the next steps in operations and strategy whether it's branching out with multiple sites or developing an exit strategy.

Nishit Shah

Services that Maximise Business Potential

The UK leisure sector was worth £111 billion in 2019. The industry is facing a deep recession because of COVID-19, but there is no doubt, once the situation normalises, this is sector that witness stellar growth. Are you prepared? Are your financials in order? Are you ready to innovate to meet post-COVID-19 rules and regulations? DSK will aid your efforts.





Solutions for the Hospitality, Travel & Leisure Sector

Pubs, Bars and Restaurants

Despite the fierce competition in this sector, restaurants, pubs, and bars need experienced advisers and accountants who understand the issues affecting cash flow and profitability. The sector is witnessing a slowdown now, but this is the time when you must integrate a strategy that allows you to compete as soon as the sector revives. With our extensive experience of serving the sector, DSK can help.

In addition to accounting, payroll, and tax, we offer advice on areas such as:

  • Coordinating bookings and staff rota systems
  • Business financing and leasing
  • Supply chain management & stock control
  • Property acquisitions
  • Stamp duty and capital allowances
  • Franchise advice
  • TRONC & minimum wage legislation
  • VAT & PAYE investigations and health checks

Hotels

Hotels need a multi-disciplinary team of accountants and advisers who understand the hospitality industry. Having worked with numerous hotel clients, we use our knowledge of the sector to improve margins, monitor cash flow, identifying major spending inefficiencies and cost leakage, and structure investment to mitigate tax and maximise allowances.

In addition to accounting, payroll and tax, we provide strategic and practical advice to our hotel clients on specialist areas such as:

  • Sale and purchase of hotels and hotel businesses
  • Stamp duty and capital allowances
  • Raising finance
  • Budgeting, business plans, and cash flow management
  • Employment issues, including minimum wage legislation
  • Franchise advice
  • Supply chain management

Travel agents and tour operators

Our clients in this sector range from start-ups to large businesses and we know how to guide them through each phase of their growth. We can help design and implement management information systems to monitor cash flow, management accounting information to make sound financial decisions, assistance with acquisitions, and preparation and submission of tax returns to your regulator.

We provide practical advice in the following areas:

  • Management information system
  • Cashflow monitoring
  • Fundraising for expansion
  • Acquisitions and Mergers
  • Regulatory compliance
  • Reviews of internal systems
  • Business structure advise
  • Business Performance Improvement
  • Efficient profit extraction
  • Asset acquisition, pension planning
  • Meeting special VAT rules, such as TOMS

Take the First Step

To speak to a partner or for more information about the services we offer please contact one of the DSK offices or complete our contact form below.




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