We are the experts in licensing and operational management solutions for the Hospitality and Leisure sectors
LSS Group are a multi-disciplined company that support the Hospitality and Leisure sectors with a full suite of services on an outsourced basis including, Licensing, Operational Management, Accounts, Payroll, HR, Merchant Services and provision of Specialist Employment Vehicles.
These same services are available to Insolvency Practitioners to assist with trading administrations in all business sectors whilst specialising in hospitality and leisure.
The hospitality industry is highly regulated by various authorities often requiring complex and detailed licensing, businesses are subject to rigorous inspections and enforcement of the law due to public health and safety concerns.
From Restaurants to Hotels and Bars, each one needs to be properly licensed before it can start operating, we understand how challenging it can be to remain compliant.
The traditionally high staff churn within the industry adds to an already demanding to do list and increases the opportunity for inconsistent management and the very real risk of not being compliant.
Our sister company, LSS PAY can dramatically reduce your card processing fees. As an independent broker we split your terminal hire and your merchant acquirer agreements so that you are not tied into a particular acquirer because of the length of your terminal contract.
For businesses already accepting card payments you can use the free “switch and save” review service that could save you up to 40% on your existing charges.
Simply send us a copy of your latest merchant statement and we will use this to compare pricing and negotiate better terms for you. The service is free of charge and we will always be on hand to support and assist you throughout the switchover process.
We offer help, support and guidance for all aspects of operational management for organisations within the hospitality industry.
We recognise that no two businesses are the same, and often no two sites are either, our team will adapt our systems to the requirements and trading style of your business.
Below are just some of the operational management solutions we can offer you.
It is important that you feel confident and knowledgeable about managing all aspects of your Human Resources and employment obligations as this area is full of pitfalls and frequent changes in legislation.
Our HR team are experienced across the full spectrum of matters and are on hand to provide effective solutions.
Taking immediate control of stock and cash is vitally important when running a business in administration.
We endeavour to use the systems already integrated into the business but if they are not effective then we can utilise our in house system which not only saves time but also provides thorough real time information. Our versatile, cloud-based purchase order system can be configured to most trading environments and facilitates multi layered approval structures.
In addition, you have access to real time reporting in cash terms for approved, received and non-received goods.
We will always try to work with incumbent suppliers where possible provided terms and pricing are competitive. Where this is not possible, we have relationships with preferred suppliers that will set up accounts and commence supply in a very short timescale with favourable costings.
Our accounting team has an abundance of experience in the hospitality and leisure sector.
Our clients value our specialist sector-specific support and knowledge, helping them to meet the challenges, navigate the pitfalls and capitalise on the opportunities that arise locally and nationally. Management needs to focus on maximising its brand and offerings rather than worrying about accounts, tax and other compliance, we can help.
We offer sound financial and accountancy advice to guide and support you through obstacles and lead you towards growth whilst understanding this highly competitive marketplace.
Services we offer:
Exceptional trading figures (150% vs LY) in addition to a review of costs are expected to give total savings through to June 2021 of £828k……Fantastic!
Italian Chain
Since reopening in July Sales have trended 24% up on prior year, payroll to sales have improved to 38%, gross margin on Food and Beverage in August was 29% and 39% respectively, August delivered £11k operating profit.
These initial results indicate that the Property is now heading in the right direction and will exceed our goals
Masons Arms
Within just two months the property began trading profitably, In the second month our trading monthly revenues were £58k with a net profit of 6k, the first full year of the management contract delivered £67k trading profit with the second year producing £72k.
Four Crosses Inn
