Effective financial management is a key component of our service. We implement detailed planning, reporting and control processes in all properties.

The finance function is expected to provide more than a bookkeeping service. Our financial managers participate in the weekly revenue forecasting process and work closely with their colleagues in operations to ensure variable costs, especially payroll, are carefully planned to match revenues.

Cash flow is a priority for all owners. We manage receivables and payables closely and prepare a detailed cash flow analysis and forecast each week.

Our experienced Central Office team will monitor and analyse financial results and will share key performance data across the Group to allow properties compare and benchmark their progress. We also provide extensive support to the management team at property level.

Our routines include:

Daily

• Audit and cash handling procedures
• Purchase Order control procedures

Weekly

• Sales and payroll reporting
• Sales and payroll forecast for the following week
• Rolling weekly cash flow projection
• Rolling three month profit forecast
• Accounts receivable management

Monthly

• Management accounts including variance analysis versus budget and prior year commentary on business performance
• Profit and loss account
• Balance sheet
• Cash flow analysis and forecast
• Food and beverage margin analysis and benchmarking