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Leisure, Retail & Hospitality

Leisure, Retail and Hospitality businesses have had to deal with wide-ranging and significant changes. We provide expert insight, services, support and strategies to help you be competitive and enhance your operations. 

Contact Derek Mair

  • Derek Mair
    Meet the team

    The team

  • Leisure, Retail & Hospitality.  

    Who we can help

  • Accounting. Audit. Business Advisory. Compliance. Corporate Finance. Financial and Strategic Planning. Fundraising. M&A. Outsourcing. Payroll. Tax. International. 

    How we can help

SUPPORTING YOUR PROGRESS IN LEISURE, RETAIL AND HOSPITALITY 

The last few years have seen a marked acceleration in the pace of change in the leisure, retail and hospitality sectors. We can help you operate cost-effectively, adopt technology to your advantage, and consolidate and grow your business. 

Our extensive experience of supporting businesses in the leisure, retail and hospitality sectors means we understand the issues and risks you face and will provide appropriate services to help you. As well as audit and tax advice, we can help you with time-saving programmes such as our Virtual Finance Function, produce financial projections to support your project fundraising and utilise available tax allowances for updating your facilities, to help you attract new customers. 

EASING YOUR LEISURE AND HOSPITALITY WORKLOAD 

We are specialists in advising hotel businesses, so we appreciate and can help mitigate the impact of issues such as evolving customer preferences, supply chain issues and staffing challenges. Operational efficiency and minimising overheads are key, so we can ease your workload through our services such as payroll, cloud accounting and outsourcing via our Virtual Finance Function.  

It’s often difficult to find time to plan ahead – but we can help. For example, our internal audit service can identify opportunities to create a stronger, more sustainable structure for your business. 

Our tax, payroll and employment experts will clarify aspects such as the apprenticeship levy, minimum wage and national living wage. And we’ll help maximise your tax efficiency, for example by checking if you’re claiming R&D tax relief for eligible projects or making the most of allowances on fit-out and capital expenditure. 

HELPING YOU PROVIDE THE BEST RETAIL EXPERIENCE 

With customers having completely reshaped their shopping habits, it’s essential you focus on providing them with the service offering they want to use, combined with a consistently positive experience. That’s demanding and time-consuming, but our outsourced services will make it easier by saving you time and costs, so you can concentrate on customer retention and growth. 

Whether you’re a traditional ‘bricks and mortar’ business with one high street shop, a national or multinational chain or a burgeoning e-commerce business, we will tailor our services to you. They range from the everyday aspects such as bookkeeping, payroll, pensions and UK/EU VAT, to optimising your financial and tax efficiency. In addition, our expert strategic advice will help shape your future – through capital expenditure planning, finance options and fundraising, restructuring and M&A. 

THROUGHOUT YOUR BUSINESS LIFECYCLE 

We’ve assisted many leisure, retail and hospitality ventures at every stage of their lifecycle, providing pivotal business advice as well as effective ongoing accounting support. We can help inform your start-up plans by using our experience to evaluate sales channel strategies, provide realistic forecasts, assess your logistics and ensure you’ll benefit from all available tax concessions. 

As you progress, we can check you’re achieving your KPIs, discuss growth through merger or acquisition, support your fundraising and set out a long-term strategy. When your business has reached maturity and you’re considering disposal, we can assist with wealth planning to ensure you enjoy the full rewards for your hard work, with optimum tax efficiency. All of this is provided with insights and advice specific to your sector, your business and your personal circumstances. 

  • Having AAB as our business partners gives me peace of mind as they listen, participate and work with us to ensure our goals are achieved.

    Gillian Irvine, NorDan

  • AAB have been our accountants for over 15 years. During this time their advice on audit, taxation, payroll and general business issues has been invaluable. They act as a 'partner' in the real sense of the word,

    Karen Molloy, Thorpe Molloy McCulloch Recruitment

  • AAB have helped a lot with us getting our accounts on track and helping our new accounts team. Anytime we need help or are querying something they are on the other side of the phone or are able to come in to the office to help us.

    Asley Henderson, JD Neuhaus

  • AAB's private client tax team deliver clear advice in understandable terms so we can appreciate how effective planning can lead to benefits for the whole family. They have taken away the worry and doubt for us.

    Alex Wiseman

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  1. Blog1st Mar 2022

    Q&A with Secret Takeaways

    Secret Takeaways is an app dedicated to connecting consumers and independent takeaway restaurants with direct ordering, specifically for Click & Collect. Founded in May 2021, their mission is to eliminate the industry reliance on third party food delivery apps, enhancing... Read more

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  2. Blog6th Dec 2021

    2021 Year in Review: Food, Drink and Hospitality Sector

    As we look back over the food, drink and hospitality sector in 2021 what are the key words that have shaped the year? Covid, Brexit, human capital challenges, sustainability and organisational agility all immediately come to mind.

    View more
  3. Blog25th Nov 2021

    Cheers to Indirect Tax relief!

    Indirect Tax changes can help revitalise the tourism and hospitality sector 

    View more
  4. Blog29th Oct 2021

    Why is Research and Development (“R&D”) Important for Brewers?

    R&D normally delivers a cash flow benefit to a brewer.

    View more

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