Leisure and Hospitality Services
Our Leisure and Hospitality Team provides specialist accountancy and business advisory expertise to a wide variety of leisure and hospitality businesses. Our sector experts use their experience and knowledge to deliver valuable and actionable advice.
Regulatory advice for leisure and hospitality businesses
The leisure and hospitality sector is faced with an ever-changing burden of regulation, ranging from accounting standards to the apprenticeship levy and national living wage. We can provide practical guidance and help you navigate the challenges your business is facing. We can help you, whether you are thinking of tackling the transition to IFRS accounting, wondering where you currently stand on troncs, trying to establish how the national living wage may affect your business or debating whether you should be converting to a REIT.
Driving the growth of your business is always a priority. This is a challenge in the very competitive leisure and hospitality sector. We will work with you to develop or adjust your strategy, fine tune your business model and overcome the barriers to growth. Our focus is to provide the actionable ideas and insights that will make a tangible difference to your business. Whether it is improving working capital management or improving tax efficiency, we will use our experience and expertise to deliver value to you. We always invest the time to understand you and your business so that we can help you achieve your goals.
Taking leisure and hospitality international
You may be ready to expand your leisure and hospitality business overseas. You may not be ready for the challenges of succeeding internationally. Local regulations and tax regimes, local labour markets and any number of other issues will have to be navigated.
We will help you from the first step by helping you identify the best options for expansion. We can advise on the markets that are easier to break into. We can help you to work through the options available to you whether that is a joint venture, opening a branch, franchise or an acquisition. When you do make the leap, we will ensure you have the most efficient tax structures and all the necessary local knowledge.
As part of the BDO international network, we draw on the leisure and hospitality expertise of colleagues across the globe. We have a presence and local leisure and hospitality expertise in every market you might want to expand into.
Leisure and hospitality sector expertise
We understand that each area of leisure and hospitality faces its unique challenges and opportunities. We have specialists across leisure and hospitality sub-sectors, including hotels, restaurants and bars, professional sports, travel and tourism, and betting and gaming.