Understanding Food GP% – Why It’s Vital for Profitability
Week 1: Understanding Food GP% – Why It’s Vital for Profitability What is Food GP%? Food Gross Profit Percentage (GP%) is a key metric in hospitality, measuring how much profit is made on food sales after deducting ingredient costs. A strong GP% ensures your business covers operational costs and remains profitable. How to Calculate Food […]
How Hospitality Businesses Can Mitigate the April 2025 NIC Increase
With Employer National Insurance Contributions (NICs) rising from 13.8% to 15% in April 2025 and the secondary threshold dropping from £9,100 to £5,000, businesses—especially in hospitality and retail—must act now to manage the additional costs. Here’s how to reduce your NIC liability and protect your bottom line. Maximise the Employment Allowance The Employment Allowance […]