Licensed Insolvency Practitioners With National Coverage
Every business is different, however there are particular issues that pubs and hotels face which are unique to the sector.
Pubs and Inns are a British tradition and often the hub of the community bringing neighbours, families and friends together. With new laws affecting pubs over the years, many have struggled to stay afloat, often losing out to corner shops and supermarkets for cheaper drinks.
The Campaign For Real Ale (CAMRA) has recently reported that it expects 1200 pubs to close in 2024
Problems they face are;
As turnaround practitioners, our specialists can help tackle these issues with you to get your pub/ hospitality business back on track. We can go through all the available options, like expert assessment of the issues your company faces, improved financial reporting, margin analysis, Time to Pay deals, CVAs and pre-pack administrations.
We have very extensive pub /hospitality sector experience, not just from going to the pub too often either! We have been involved in turning around, liquidating, pre-packing and refinancing your sector.
Our MD Keith Steven has also personal experience having personally bought a failing wine bar/restaurant in 2012, “Now in 2023-4 sales are now 4 times what they were with good profits now being made.” An example of our hands on turnaround skills in this sector.
Why not download our free 100 page guide on how to rescue your pub or hospitality business!
The guide covers