Hospitality & Leisure Sector Accounting

World class accounting from award winning chartered accountants you can trust

Accounting For The Hospitality & Leisure Sector

The hospitality & leisure sector, though retail-focused, is incredibly diverse. It focuses on providing consumers with food, drink, accommodation and recreation.

Despite the political and economic uncertainty currently surrounding this industry, it still remains as one of the biggest employment sectors in the UK. Due to the sheer size of the workforce, it’s essential that everyone – from small, family-run businesses to global chains – get the appropriate financial help they need to succeed.

As the worth of the British pound falls, the growth in tourism (and Brits taking up ‘staycations’) rises.

We Have Open Minds

Hotel prices, for example, are cheaper than ever thanks to the devaluation of the pound and introduction of ‘budget hotel’ services like Airbnb. As a whole, this is a brilliant outcome for the British tourism industry. International visitors are more likely to holiday here, and Brits themselves are more likely to opt to holiday locally due to the significant difference in price.

However, individual business – due to the recent competitive increase between brands – are more likely to suffer financially. Price is one of the biggest factors people consider in the hospitality & leisure sector – so how can companies beat their competitor’s prices without harming their own business? That’s where Nordens comes in. We can show you how to set yourself apart from your competition, without lowering your prices to a potentially detrimental state.

Hospitality & Leisure Accounting With Nordens

Not only does the hospitality & leisure sector face a vast external pressure on their finances, but changes within the sector internally also drive the demand for a decent accountant. From the introduction of the apprenticeship levy to the rise of the national living wage – and even a change in general accounting standards – internal factors are constantly causing confusing monetary changes in the industry. Here at Nordens, we’re ahead of the game. We’re aware of any upcoming changes that affect your business and are well-prepared to make tough decisions quickly and efficiently.

We Think Long Term

We Understand The Hospitality & Leisure Sector

We understand that, in this industry, you need more than just basic accounting skills to flourish. That’s why we pride ourselves on our ability to give you strong, honest advice on operational and commercial issues that affect the hospitality & leisure sector too. We recognize the serious impact that internal and external influences can have on not just your finances, but your business as a whole. We’ll work with you to lessen the effect of these pressures, and increase your overall value.

Our Hospitality & Leisure Sector Experience

Here at Nordens, we have an extensive range of experience working with businesses in the hospitality & leisure sector. From high-end restaurants to budget hotels – we’ve worked with clients in every job role you could fathom existing in this gargantuan industry. In fact, for decades now, we’ve gone above and beyond the call of action to provide excellent service and our expert knowledge to big and small businesses alike. Whether you’re a global giant or a small start-up – we can guarantee that we’re more than prepared to help you.

We See Opportunity

Hospitality & Leisure Sector Focused Accounting

Complete accountancy and bookkeeping services for the hospitality & leisure sector

Your proactive team includes your own dedicated accountant and bookkeeper to ensure your business is running smoothly.

Payroll for directors and employees

Dedicated accountant and bookkeeper

Incredibly Fast response times

Voted as EXCELLENT – 9.9 out of 10 based on 164 reviews

Chris Dyer
Director – Metro Bank

Nordens are always very easy to deal with and extremely professional and efficient. I would have no hesitation in recommending them to my clients for their accountancy needs, no matter how complex they may be.

Simon Cushing
Founder – Vivid Finishes

We have used Nordens for the last 5 years and have had a great service throughout. The guys are very passionate about what they do and have played a part in the growth of our company, highly recommended.

Christopher Wilce
Founder – Dataphone

Having worked with Nordens over the last 5 years, not only to look after my annual accounts but they have also provided outstanding professional advice. They have guided me through a Company share buyback with clear and objective advice.

Hospitality & Leisure Sector Business Services

At Nordens, we’re proud to say that we’re equipped to deal with every aspect of accounting – no matter how complex. Why not explore our extensive catalogue of services below.

Employee
Payroll

Administrative duties could be tedious and time-consuming. Hence, we always recommend that time is spent doing other obligations in the business. While we are fully aware that prompt settlement of staff and other expenses related to their…

Bookkeeping Services

Every business, irrespective of the organisational structure, has to carry out bookkeeping functions. This is beyond recommendation as it is highly important. This is because, with adequate bookkeeping, a business firm will be able to keep…

VAT
Returns

Value Added Tax Returns are to be presented to HM Revenue and Customs (HMRC) every accounting period (precisely three months). Whether you have VAT to pay or not, you still need to do this. Contained in the VAT returns are…

Workplace
Pensions

No matter how long one may be in a company’s service, retirement will surely come. You will end up as a retiree who has to depend on a pension. Well, a workplace pension is a good way to start preparing for retirement. It will help…

Company
Tax Returns

Company Tax Returns are tax assessments levied on the profits made by a company. As a separate legal entity, every company is required by legislation to file for and pay company tax returns. Company tax returns are paid…

SEIS
Investments

The SEIS (Seed Enterprise Investment Scheme) was formed by HMRC in early 2012 with the aim of helping smaller start-up businesses to raise finances via investors. This is done by delivering a number of tax relief on investments, which aid the…