Trade veterans launch new hospitality trade consultancy
A team of seasoned professionals have come together to launch a consultancy aimed at helping beleaguered hospitality companies recover from the coronavirus pandemic.
Hospitality Options is based in Solihull and is headed by Mark Butler, who has 30 years of industry experience including running his own estate of pubs and hotels and raising and investing £ 70 million to acquire proprietary pubs.
He has also handled more than 300 administrative cases for large blue chip companies.
Joining Mr. Butler is Tony Sanders, who manages, owns and operates more than 250 licensed premises, and Trevor Foster, a professional services and banking industry veteran who spent more than 20 years with Barclays and six years with HBOS.
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The trio hope to help licensed venues such as restaurants and pubs with critical issues such as financial health checks, marketing, capital restructuring, turnaround planning, and management succession.
You aim to work with both private companies and corporate investors.
Mr Butler told BusinessLive, “After the pandemic and subsequent lockdowns, we know our type of services are needed more urgently as the sector is facing tremendous challenges to emerge from this crisis successfully.
“As the industry re-opens, investors, owners and operators must grapple with the enormous debt that has been incurred to HMRC and other creditors due to ongoing fixed costs during the lockdown and deferred payments.
“As soon as the state subsidy programs cease to exist with the end of vacation, rental moratorium, company holidays and VAT increases, they will need advice and support as well as possible financial restructuring. This is where our independent advice is needed.”