The Profit Leaks You Cannot See: A Practical Stock-Control Check for Hospitality Venues
For pubs, bars, restaurants and hotels, profit is rarely lost through one dramatic mistake. More often, it disappears through a collection of smaller leaks: a delivery that was not checked, portions that gradually become too generous, waste that is never recorded, recipes that no longer reflect supplier prices, or stock leaving the business without being […]
Leicester & East Midlands Hospitality Boom: Why Effective Stock Control is Key to Staying Competitive
The hospitality industry in Leicester and the East Midlands is experiencing significant growth. New restaurants, bars, and hotels are opening across the region, and visitor numbers are reaching record highs. This boom is fantastic news for the local economy, but it also means that competition among hospitality businesses is fiercer than ever. To stay ahead […]
Why Stocktaking is Essential for Leicester & East Midlands Hospitality Businesses
Leicester and the East Midlands are experiencing a hospitality boom. In 2023 alone, over 31 million people visited Leicester and Leicestershire, contributing a record £2.39 billion to the local economy—a 15.5% increase on the previous year. The region’s reputation as a vibrant destination for food, drink, and culture continues to grow, with new venues opening and established businesses welcoming […]
The Stocktaking Sweet Spot – How Often Is ‘Just Right’?
Weekly, Monthly, or Somewhere in Between? Find Your Food Stocktaking Rhythm Welcome to Blog 3 in our series: Better Stock, Better Profits: Smarter Food Management for Pubs & RestaurantsIn this post, we’re tackling one of the most common stocktaking dilemmas: how often should you actually be doing it? Whether you run a wet-led pub, a […]
How to Take Stock Without Losing Your Mind (or Your Weekend)
Better Stock, Better Profits: Smarter Food Management for Pubs & Restaurants – Blog 2 By Sterling Stock Auditors Running a hospitality business is hard enough. The last thing you want is to spend your precious weekend wrestling with spreadsheets, counting half-empty bottles, and second-guessing food costs. Yet for pubs and restaurants, stocktaking is one of […]
The Hidden Costs of Poor Stock Management in Hospitality
In the fast-paced world of hospitality, every penny counts. Yet, poor stock management continues to quietly drain profits from many restaurants and pubs. While daily operations keep staff busy, overlooking stock control can lead to significant — and often hidden — costs.
Why Food Stocktaking is Essential for Pubs & Restaurants
Introduction Food stocktaking is often overlooked in busy pubs and restaurants, yet it plays a crucial role in profitability and efficiency. Without proper stock control, businesses face excessive food waste, over-ordering, and shrinking profit margins. This blog explores why food stocktaking is essential and how it can transform your business operations. 1. Reduces Food Waste […]
How Can Nightclubs and Music Events Claim R&D Tax Credits in the UK
In the UK, Research and Development (R&D) tax credits can be claimed by companies engaged in R&D activities that seek to achieve an advance in science or technology. Nightclubs and music events may not initially seem like candidates for R&D tax relief, but there are certain activities within the music and entertainment sectors that could […]
How Rising Supplier Costs Impact Your Bottom Line & How to Adapt
In the ever-evolving world of hospitality and retail, one constant challenge is rising supplier costs. Whether it’s due to inflation, increased production expenses, or supply chain disruptions, businesses in the licensed trade are facing higher costs for everything—from alcohol and food to operational supplies. Without a strategic response, these rising costs can eat into your […]