• Leisure

    At EQ Leisure, we know that businesses within the leisure industry face some very specific challenges. Our dedicated Leisure team have the understanding and the experience needed to help businesses survive, adapt and flourish.

Leisure Specialists

At EQ Leisure, we know that businesses within the leisure industry face some very specific challenges. Our dedicated Leisure team have the understanding of the relevant issues, and the experience needed to assist clients such as:

  • Guest houses and B&Bs
  • Holiday parks
  • Hotels
  • Restaurants and bars
  • Holiday lettings
  • Leisure clubs and activities
  • All other businesses within the sector

We deliver a comprehensive range of services to our clients, including accountancy, audit and tax compliance, but our strength lies in our advisory capabilities. We strive to build strong relationships with our clients, as this enables us to fully appreciate their aims and objectives in order to provide the most relevant advice and support in each unique situation.

Virtual Finance Office

For many businesses in the Leisure industry staff are one of the most important assets and therefore payroll compliance is critical to their ongoing success. Our Virtual Finance Office (VFO) assists businesses of all sizes in adhering to the relevant HM Revenue & Customs legislation, ensuring return filing and payment dates are met, whilst also providing support on all payroll related matters, including auto enrolment, P11D expenses and benefits, and the living wage.

We understand that it can be a time consuming challenge to maintain adequate records, which provide useful management information, alongside running a business. Our VFO is there to take the hassle away from you and to allow you to focus on the day-to-day running of your business. Bookkeeping and VAT support is tailored to each individual situation, from full outsourcing to VAT return review only, and kept flexible, as we appreciate circumstances can change overnight.

To find out more about how our VFO can help your business, contact one our Leisure specialists who will be happy to discuss your requirements and find the right solution for you.

Your Performance. Energised.

Compliance work, for individuals and businesses, is a key service for us. However the Leisure industry and relevant legislation are constantly evolving so proactive tax planning is where we differentiate ourselves, and where we add the most value for our clients.  We work with business owners to ensure they meet their objectives and, by developing a comprehensive knowledge of their personal and commercial affairs, we are able to provide innovative solutions and advice in a range of areas including:

  • Business restructuring
  • Succession planning
  • Eligibility for Business Property Relief
  • Mitigation of inheritance tax
  • Planning for capital expenditure
  • VAT assistance and queries

More than accountants

At EQ Leisure we aim to be more than accountants, acting as business advisors to our clients to ensure the continued success of their business.  An outside perspective can be thought provoking and we can draw on our experience in the sector to deliver a non-executive director role to businesses, attending management or owner meetings as regularly as requested or simply being available at the end of the telephone.

Regular, accurate financial information is fundamental to being the best. We prepare and analyse management accounts, along with assisting in setting budgets, targets and key performance indicators (KPIs), allowing informed business decisions to be made.  We can also critically evaluate business performance, identifying potential areas for cost savings or suggesting steps to maximise profit.

Corporate Finance

We have helped a variety of clients implement extensive changes to their businesses.  If you are acquiring a business, expanding an existing business or planning for a disposal, we can provide support through every stage, whether it is a rapidly evolving enterprise or a once in a lifetime event. We’ll explain the options for structuring your business, assist in preparing business plans and projections to secure funding, and advise on the wide ranging tax implications of a sale or restructure, to maximise return and help you to achieve your aims and expectations.

Read more about our corporate finance services here.

If you work within the leisure sector and are considering getting some advice, give one of our EQ Leisure team a call to chat about how we can help you. Alternatively, fill in the contact form and someone will be in touch shortly.

Case Study - Green Park Limited

EQ’s key people are often asked to provide board level business advisory support to businesses. Since 2011, Dundee office partner, David Morrison, has supplied this service to the McMenemie family, owners of the Green Hotel in Pitlochry.

Over the period of his involvement, David has supported the family and the company in many different areas from succession planning, budget and price setting to staff incentives, brand identity and management controls. His advice also includes all taxation support for the company and its directors.

The hotel is hugely successful and has carved out a niche in the provision of high quality accommodation and catering to mainly elderly clientele. The hotel continues to go from strength to strength and has further plans to enhance the breadth and quality of its services.

Alistair McMenemie, Managing Director of Green Park Limited commented,

“We have dealt with David and EQ over many years and are hugely appreciative of the friendliness and quality of the team. We benefit from their detailed sector knowledge and fully trust in the service provided, no matter what the query is.”

To see how we can help you, contact one of our Leisure team today.

  • Entrepreneur and accountant may not appear at the top of your list as possessing a natural synergy, but I can testify to the catalytic synergy when EQ, became involved in our businesses. I have constantly been delighted by the proactive, entrepreneurial passion and lateral thought which is applied to every situation. They are not just our accountants - they are an integral part of our management team, being fully involved in our business and providing rather unique, proactive advice, leadership and a personal service, which is sadly missing from larger city accountancy practices, at a country rate.

    Ron Kitchin
    The Kitchin, Castle Terrace Restaurant & The Scran & Scallie

  • We have dealt with EQ over many years and are hugely appreciative of the friendliness and quality of the team. We benefit from their detailed sector knowledge and fully trust in the service provided, no matter what the query is.

    Alistair McMenemie
    Managing Director, Green Park Limited

  • Everyone at the firm has been sincere, willing and professional and I look forward to making the most of their expertise.

    Drew Shedden
    Managing Director, Cluny Clays Ltd

Leisure News

View all latest news
Apr 26 2017

Major study highlights importance of self-catering business in Scotland

The Association of Scotland’s Self-Caterers (ASSC), of which EQ are delighted to be Trade Supplier members, have published a major study which demonstrates the value of the self-catering sector to the Scottish economy. The study’s key findings include that there are approximately 17,000 self-catering let properties in Scotland which cater for 3.4 million visitor nights per year, representing a... more

Jun 8 2016

Ceremony room hire not VAT exempt

A recent First Tier Tribunal VAT case has highlighted the need for hotels and other wedding venues to ensure that the correct VAT treatment is applied to the hire of a room for a wedding ceremony. In the case of Blue Chip Hotels Limited vs Revenue & Customs Commissioners the tribunal heard that the hotel provided a number of services for weddings and civil ceremonies, including catering, funct... more