Hospitality & leisure

What’s impacting Hospitality & Leisure?

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Previous years were obviously challenging for the Hospitality and Leisure sector, forcing many companies into unprecedented situations.  However, since the recent gradual relaxation in restrictions, trading appears to be getting back to more normal levels which hopefully will continue to improve so your sector flourishes going forward.

As we all know, the Hospitality and Leisure sector has had its challenges over the past few years mainly due to the Pandemic.  With this now behind the businesses, it was thought that the sector should thrive going forward, however, as a result of a lack of staff resources, rising energy prices and the increasing cost of living, the sector still continues to face challenges.

Whilst 2023 will not be easy, our ‘Survival of the Staffed’ guide, offers practical guidance about how to build a winning employer brand, which is attractive to skilled workers and new entrants looking for a rewarding career path to help negotiate through the current headwinds.


Hospitality and Leisure sector advice services

We advise hotels, pubs, clubs and leisure operators, as well as a number of sector-dependent clients. We work closely to find solutions to industry issues, utilising our expertise in everything from business strategy and corporate finance, to audit and tax advice.

Chris Maloney - Menzies Accountant

A guide for restaurant entrepreneurs

Chris Maloney – Hospitality & Leisure sector specialist

Good news is hard to come by in the UK’s restaurant sector at the moment, but here’s some – consumers are spending more on leisure and restaurants than ever before.

This situation begs a number of questions. With consumer spending in these areas on the rise, why are so many restaurant businesses in the UK struggling? And what can they do to avoid this?


Global Events Specialists – VAT Assistance

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We provided VAT assistance to a UK member of a worldwide group of companies who specialise in the provision of crew and audio visual equipment for global events. As a result, the company secured a VAT repayment and has been able to reduce time spent processing cross border transactions by two days per quarter.

Health and Fitness Brand Specialists – R&D Tax Relief

Menzies assisted a company which focus on digital branding and business development for fitness and social influencers by guiding them through the R&D tax relief claim process for their ongoing development work of their digital marketing platform and associated application to aid the constantly changing online fitness industry. This included analysing and preparing the various costs and technical information alongside the structuring and layout of the report to highlight the innovative nature of the company’s projects. This resulted in multiple successful R&D claims, generating additional cash flow for the business.

Key challenges of the Hospitality and Leisure sector

number 1

Staff shortages and wages inflation – including new minimum wage

number 2

Supply chain issues, rising food, drink, light & heat costs

number 3

Cash flow implications of VAT rate stepping up from 5% to 12.5% and repayments becoming due on Covid-19 related loan schemes

More Hospitality & Leisure Brighter Thinking

Contact Menzies Hospitality & Leisure team

    Service head

    Chris Maloney - FCCA ACA CTA


    Chris Maloney is a Menzies Partner specialising in strategic business advisory for SMEs and Head of the Hospitality & Leisure team.