Hotels at risk of insolvency
23 Feb 2017
1,800 UK hotels could over out of business over the next three years, as a direct result of rising costs.
The latest research into the threats facing the hotel industry shows that a weaker pound and the higher national living wage are impacting the bottom line of hotel businesses, while comparison websites and budget chains are also putting pressure on margins.
At Beavis Morgan, we have extensive experience of working with clients in the hotel industry and our professionals are acknowledged experts in issues affecting the hospitality sector. We are available to provide general business advice and to structure your business for tax. We can also assist with business plans and strategy execution, long and short-term forecasts, budgets, sensitivity analysis, and calculating and checking compliance with covenants.
Through our partner businesses, BM Structured Finance and BM Advisory, we are able to help with sourcing and restructuring debt finance for SME businesses, as well as assisting with resolving issues which can impact on business performance and success, and finding innovative solutions for businesses and individuals in distress.