UK restaurant openings coming soon in 2023
It looks set to be a big year for new restaurant openings. The Caterer has compiled a list of the most anticipated restaurant openings for 2023, so keep an eye out for all the exciting new restaurants coming this year. One Star Döner Bar Location Hare & Hounds Pub, Kings Heath, Birmingham Opening February Brad Carter, the […]
The cost-of-living crisis will hit casual dining hardest. Here’s how restaurants can survive
Recent commentary from turnaround experts says that the casual dining industry is most likely to be among the hardest hit during the cost of living crisis. According to the Institute for Turnaround’s (IFT) most recent Societal Impact Report, more casual dining establishments may need assistance running their businesses over the course of the upcoming year […]
Autumn Finance Bill 2022 – A summary from Beavis Morgan
The Autumn Finance Bill 2022 was published last week, legislating for key tax changes announced by the Chancellor in the Autumn Statement. Measures include: The Energy Profits Levy (EPL) is being extended to help fund cost of living support and ensure oil and gas companies pay their fair share of tax. The rate of tax […]
Tips for Pubs: 10 ways to maximise profitability this Festive Season
Whilst Christmas is generally good news for pubs, there are many added challenges and risks for businesses during the coming weeks, and planning is essential. Customer care, security, health & safety and communication are all key areas of focus as the average alcohol consumption of many customers increases, with as many as 61% of drinkers […]
Risk in plain sight: occupational fraud
Ken Dulieu examines businesses’ response to occupational fraud and recovering losses Article published in Solicitors Journal, October 2022. Understanding how organisations respond to fraudulent behaviour might seem like an empty exercise. However, it does provide an insight into how the aftermath of fraud and repercussions for the business including the chances of recovering the money […]
The Necessity for Football Clubs to Screen Their Contracted Players
Whilst employee screening is considered essential in most businesses, especially in relation to senior hires where substantial salaries are involved, it is practically absent in professional football. And, despite the fact that recruitment of professional footballers invariably involves high transfer fees, enormous salaries, financial add on’s and multi-million pound sponsorships, Clubs tend to ignore this […]
What is Stock Control and How to Improve It
Article first published by UK Hospitality Stock control, also known as inventory control, is used to show how much stock you have at any one time, and how you keep track of it. Efficient stock control enables you to have the right amount of stock available, in the right place, at the right time. It […]
Chancellor reverses ‘almost all’ mini-budget tax cuts – Hospitality sector responds
New chancellor Jeremy Hunt has announced that the majority of measures in his government predecessor Kwasi Kwarteng’s mini-budget will be reversed, in an attempt to stabilise the financial markets. Several of the new proposals will affect the hospitality sector. Last month, the government announced it would cap the typical household energy bill at £2,500 for […]
Hospitality revenue management: Turning excess stock into profits
Unaccounted for inventory is not uncommon in the food and beverage sector. It generally occurs when there are no formal procedures in place to accurately record stock levels in cellars or warehouses, leaving the business sitting with often significant potential, but nothing on the books. Capitalising on the opportunities for sale by turning potential numbers […]
UK Growth Plan – Some benefits, but key opportunities missed
While the mini-budget, referred to as the UK Growth Plan, announced on Friday, 23 September 2022, by the Chancellor of the Exchequer, Kwasi Kwarteng, does provide some support to the hospitality sector, with a freeze on alcohol duty, a reduction in employment taxes and cap on energy costs, the government has missed a key opportunity […]