CLH News #232 January 2020

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Products and Services

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Valentine's Day

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Chinese New Year

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Source Trade Show

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Design and Refit

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Property and Professional

ISSUE 232

CLHNews

JANUARY 2020

PM Promises to Slash Rates for Pubs & Restaurants

Please call David Hunter of The Bowden Group for an informal chat about how we can HELP YOU

07831 407984 or

01628 487613

HOTELS, RESTAURANTS, PUBS & CATERING

Image by the Foreign and Commonwealth Office

Struggling businesses including pubs, bars & restaurants will see their business rates halved this year, the government has confirmed.

MAXIMISE YOUR BUSINESS POTENTIAL Combining our 30+ years of experience in Restaurant, Pub and Hotel Business Mentoring with our now legendary Weekly Figures Analysis, we WILL increase your Profitability.

This new service is specifically designed for the smaller business (sub £500k t/o)

For an affordable monthly fee you’ll receive: • A bullet-pointed and focused weekly report giving you guidance and advice, based on your own trading figures …

• 4 half-days (or 2 full days) of on-site Consultancy / Mentoring per year … 1:1 time with David Hunter … YOUR Chosen Agenda …

Discounts for small businesses are expected to increase from 33% to 50%, with around half a million shops, restaurants and pubs being the main beneficiaries. The tax break, which applies to all businesses with a rateable value below £51,000 and will come into effect in April, providing savings of up to £12,500. The 50% discount, the government has announced as part of the Queens’ speech last month. During the first half of 2019 research from Altus group reveal that around 40 pubs a month were closing, however the good news was that this rate has almost halved from the same period in 2018. According to research by accountancy firm UHY Hacker Young the number of restaurants which fell into insolvency during the past year increased by 25% exceeding over 1400 throughout the UK. This was the highest number of insolvencies for the sector since 2014. Aside from the

He said “My colleagues and I at @savestapubs have been working tirelessly and completely self funded for 3 years in and out of Westminster to reduce the enormous increases in business rates some of us have seen, we have seen a shift but sadly no where near the areas worst effected. Ours! They sadly remain the same

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If you have a Restaurant / Hotel or Pub … WE CAN, WITH YOU AND YOUR TEAM, MAKE YOUR BUSINESS MORE PROFITABLE

Please call or text David Hunter on

to discuss how we can help YOU to increase YOUR profits

Earlier this month a St Albans pub, reputed to be one of the oldest pubs in England announced it had been forced to reduce it hours to help stay afloat due to the increased burden of business rates. Licensee Christo Tofalli at Ye Old Fighting Cocks (YOFC) announced on Facebook that the pub will be closed Mondays and Tuesdays until the beginning of March. Christo is also a member the campaign group “Save St Alban Pubs” set up to support pubs in the area and lobby for a review of the rates system.

and equally devastating.” “Although the government have announced further business rate relief for pubs with a Rateable Value BELOW £51k. Due to a major problem with the Valuation Office Agency failing to implement their own guidelines, thousands of pubs, including YOFC continue to suffer.” So the government announcement give the industry boost. It is estimated that nine out of 10 independent businesses will qualify for the relief, and for the first time, independent cinemas and music venues will also qualify, in a bid to safeguard local entertainment. A budget in March will announce a review of the whole rates regime, Chancellor Sajid Javid said: “We want to reinvigorate communities up and down our great country, helping people put the heart back into the places they call home. That’s why we’re taking action to save our high streets and keep pubs, cafes and hairdressers open by slashing their business rate bills by a half.” (CONTINUED ON PAGE 3...)

COMMERCIAL KITCHEN & REFRIGERATION ENGINEERS

• 24/7 unrestricted access to David Hunter … a Consultant / Mentor with over 30 years experience of doing just this, in YOUR industry … and with a very solid track record …

07831 407984

hundreds of small independent restaurants closed big names such as Jamie’s Italian, Gaucho, Prezzo, Carluccio’s, Byrons and Strada had either gone into liquidation , sought creditors voluntary arrangements or closed sites.

CCI Services is very proud to be a member of the Bowden Group Alliance and is thus fully Accredited as a supplier by David Hunter and The Bowden Group

Commmercial Cooker Repairs Dishwasher and Glasswasher Repairs Canopy & Extraction Fan Service Commercial Boiler Breakdown Service Bakery Oven Repairs

service@cci-services.co.uk www.cci-services.co.uk 0800 644 2727 07816 980966

www.guysimmonds.co.uk

LEADING NATIONAL LICENSED PROPERTY AGENTS

ATTENTION VENDORS LOOKING TO SELL OR LEASE?

Guy Simmonds have purchasers URGENTLY seeking Freehold and Leasehold licensed property. • NO SALE - NO COMMISSION • FREE DISCREET VALUATION

Tel: 01332 865112

or email: sales@guysimmonds.co.uk


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