Remove accounting and finance Remove chartered accountant Remove Hospitality
article thumbnail

Upcoming Changes to FRS: What They Mean for the Hospitality and Leisure Sector

Menzies

Menzies LLP - A leading chartered accountancy firm. The Financial Reporting Council (FRC) has announced significant amendments to FRS 102, the UK’s principal accounting standard for small and medium-sized entities. For hospitality businesses, this could affect how revenue is recognised for: bundled services (e.g.

article thumbnail

UK Insolvency Trends 2025: Key Considerations for Credit Managers 

Menzies

Menzies LLP - A leading chartered accountancy firm. These figures show the growing financial pressures on businesses, particularly those in vulnerable sectors, such as construction, retail, hospitality, and manufacturing. The construction sector, which accounts for 17% of all insolvencies, remains particularly vulnerable.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Embracing digital transformation in the Hospitality and Leisure sector

Menzies

Menzies LLP - A leading chartered accountancy firm. Digital transformation is changing how hospitality and leisure businesses operate. To meet their demand, hospitality and leisure providers, such as hotel chains, have modernized traditional systems and processes with innovative cloud technology.

article thumbnail

Are Hotel Businesses optimising their cashflow benefits?

Menzies

Menzies LLP - A leading chartered accountancy firm. Full Expensing 100% No threshold Only available to companies subject to UK corporation tax Assets must be new and unused and not acquired via finance lease or subsequently leased out. 2025 is proving to be a challenging year for hotel businesses.

article thumbnail

Navigating the New Year Slump: Mastering the Art of Cashflow for Hospitality Businesses

Menzies

Menzies LLP - A leading chartered accountancy firm. Navigating the post-Christmas slump can pose significant challenges for businesses, especially those in the hospitality and leisure sector. As sales dip after the festive season, maintaining cash flow becomes crucial.

article thumbnail

What’s next for your Pub – and how can you position yourself to succeed?

Menzies

Menzies LLP - A leading chartered accountancy firm. The struggles surrounding the Hospitality and Leisure industry are being amplified by the current cost of living crisis as well as the seemingly everlasting effects of the Coronavirus pandemic.

article thumbnail

Cloud & Accounting – the perfect match

Menzies

Menzies LLP - A leading chartered accountancy firm. We all want to work smarter not harder and with the growth of Cloud accounting we can have the freedom and insight to stay on top of our business and finances 24/7. The benefits of switching to cloud accounting. Anytime, anywhere, any device. Secure & private.