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.
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:
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.
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.
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:
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.
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.
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.
Over the past 5 years, EQ have worked with Mr & Mrs Anderson who currently run two successful bed and breakfast establishments in the pretty Highland Perthshire town of Pitlochry. Both Martin and Andrea are dedicated to providing excellent service to their customers and their achievements have been widely acknowledged, winning several of the most recognised awards within the industry for Craigatin House, including “Regional Guesthouse of the Year in the 2017” at the Scottish Hotel Awards.
Since appointment, EQ have provided advice on several areas including business restructuring, bookkeeping, personal and corporate taxation matters and succession planning.
Martin Anderson, commented,
“We never stop improving and striving to be better every day, this has always been our goal. Working closely with EQ has been instrumental to our success. The sound business advice and guidance EQ have offered us over the years has allowed us to build and expand our business. Their accountancy service allows us to focus on what we do best in running our businesses, safe in the knowledge that the quality advice and accountancy service we receive from EQ keeps us in order and always up to date.”
Following the success of their first bed and breakfast, the couple have recently opened a second establishment, Derrybeg Bed and Breakfast. The property has undergone an extensive refurbishment and is now also being recognised as an industry winner, having been awarded a Tripadvisor Certificate of Excellence in 2016 and nominated for a tourism & hospitality award in the 2017 Scottish Rural Awards.
In early 2016 EQ were appointed as advisors to Clayton Caravan Park, a very successful holiday park close to St Andrews in Fife. Owned and operated by the Kennedy family since its inception in 1966, the family are committed to investment in the facilities and infrastructure, resulting in a 5 Star Holiday Park Award by Visit Scotland.
Since appointment EQ have undertaken a full scale review of the operational setup advising on all areas including the business structure, company and personal taxation matters and succession planning. EQ also have a close ongoing relationship with the family, meeting regularly to ensure their objectives continue to be met and to discuss their plans for the future, following the approval of planning permission to expand the park with the creation of 171 new static caravan pitches.
Andrew Kennedy remarked,
“We are delighted with the service we have received from EQ since we began working with them. The team are friendly and approachable and throughout a period of change we have felt confident in the advice provided, which has always been delivered in a clear and understandable manner despite the complexities involved.”
The leisure sector is faced with an ever-changing burden of regulation, so it is important that your accountant is knowledgeable and understands the complexities specific to the leisure industry.
Our clients can be assured that our dedicated leisure specialists invest time into their sector; regularly attending seminars, writing industry related articles, collaborating with those within the industry and supporting Scottish leisure governing bodies by becoming members.
To provide the valued support our clients expect, we are members of various leisure organisations:
We are specialist accountants, tax and business advisors to the Scottish members of the British Holiday and Home Parks Association (BH&HPA). Many of their members are also our clients, and we send a regular bulletin full of topical information and tips bespoke to holiday parks.
We are members of the Association of Scotland’s Self-Caterers (ASSC), as we act for a large variety of self-catering businesses throughout Scotland and provide advice in their monthly e-bulletin for other members.
We are an associate member of Dundee & Angus Visitor Accommodation Association (DAVAA), who represent the interests of the Hotels, Bed and Breakfasts, Guest Houses, Resorts, Serviced Apartments and Holiday Self Catering businesses operating within Angus and Dundee.
As members of the Angus Tourism Cooperative (ATC), we work together with local businesses and organisations involved in the tourism sector to help them promote Angus as a visitor destination through collaborative working and identifying new opportunities for tourism.
We have also recently joined Scotland Food & Drink, due to the growing demand for our expertise in this area. We have a long tradition of supplying advisory services to food & drink companies and view this as a key sector for the Scottish economy. You can read more here.
Our continued membership and support of the BH&HPA, ASSC, DAVAA, ATC and Scotland Food & Drink is a sign of our future commitment and reinforces our expertise in the leisure sector. If you are looking for more information, advice or support, please get in touch with our EQ Leisure specialists using the details below or email [email protected].
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.
Managing Director, Green Park Limited
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.
The Kitchin, Castle Terrace Restaurant & The Scran & Scallie
We are delighted with the service we have received from EQ since we began working with them. The team are friendly and approachable and throughout a period of change we have felt confident in the advice provided, which has always been delivered in a clear and understandable manner despite the complexities involved.
Clayton Caravan Park
We started working with EQ at the early stages of the coronavirus pandemic, and it became clear that we had made the right decision to move. They were immediately on the phone to offer support and advise us on what to do to access much needed funding. Without their initial guidance and help with applications, we would never have even applied – we are incredibly grateful for their support, having received vital funding to ensure our future. We look forward to continuing to work with the EQ team and know that we are in very safe hands indeed.
Director, TBC Pub Company
Everyone at the firm has been sincere, willing and professional and I look forward to making the most of their expertise.
Managing Director, Cluny Clays Ltd
We never stop improving and striving to be better every day, this has always been our goal. Working closely with EQ has been instrumental to our success. The sound business advice and guidance EQ have offered us over the years has allowed us to build and expand our business. Their accountancy service allows us to focus on what we do best in running our businesses, safe in the knowledge that the quality advice and accountancy service we receive from EQ keeps us in order and always up to date.
Derrybeg Bed and Breakfast
Following the devastating effect of the pandemic on hospitality, today’s Budget signalled an outline for the sector to return to “normality”.
So, what were the key announcements?
Funding sources... more
The Scotland Food & Drink Partnership’s Regional Food Fund has reopened for applications. Supported by the Scottish Government, the latest round of funding has £100,000 available to help drive ... more
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