Category: News

Many people dream of opening their own business, and many have their hearts and imaginations captured by the thought of running a bed and breakfast or guest house. Many people choose to pursue this upon or following their retirement, so they can dedicate themselves fully to the day to day running of the business. However, in order to achieve this dream, additional funding is often required. We can help to secure that funding in the form of a mortgage. Continue reading “Fund your dreams of owning your own business”

The bed and breakfast is a big part of UK culture. Many people love nothing more than a short, relaxing stay in a warm and welcoming environment. Bed and breakfast establishments tend to feel a little more homely than large scale hotels; more often than not the owners reside in the property, and guests like the sense of being welcomed into their personal home. Continue reading “Securing finance for new bed and breakfast businesses”

When running a business, one of the most important tasks to consider is the payroll. Every business will have a form of payroll in place, regardless of how large or small the company. The work will involve keeping a full record of payments made to employees, ensuring that all records are completely accurate and up to date. This protects both the employee and the employer from the risk of misunderstandings, missed payments and potential legal issues, so it is an extremely important element of running any business. Continue reading “Keeping payroll up to date and accurate”

Many people are drawn to explore their potential to own and run their very own bed and breakfast. Often, money is the main barrier standing in the way of achieving this goal, particularly for those who have identified an existing B&B business for sale on the market. For many banks and financial institutions, their terms, conditions and repayment expectations are offered as a universal across all business sectors. This approach tends to make bed and breakfast funding seem not at all viable, as seasonal flexibility is required in repayments. This is the point at which our services can help you with your acquisition of a bed and breakfast business. Continue reading “Starting your B&B off on the right foot”

Business continuity planning involves devising a strategy and resources for the years ahead. It is an extremely valuable form of planning for companies in all industries and sectors. In some instances it would be considered vital, particularly when it is expanded into business continuity and resiliency planning. Guest houses, bed and breakfasts and hotels are clear examples where it is crucial to have a strategy for ensuring that the business can continue in adverse circumstances. Here at Stewart Hindley & Partners we specialise in providing this valuable planning, as well as assisting with supporting funding, mortgages and B&B and guest house finance of all kinds. Continue reading “Aiding you with business continuity planning”

Traditionally, it was uncommon to see people remortgaging and switching to other providers. This practice only became popular over the last decade or so with people taking the opportunity to switch and secure better rates for themselves rather than sticking with the provider they started with. Comparison websites had a hand in the change too because they let people easily compare rates and see how much switching could save them. Continue reading “Reduce risk by remortgaging”

The British pub has been an institution under threat for quite some time as a result of several legislative, social and economic trends that collectively squeezed industry margins and revenue. Over the last few years, the sector has seen a wide range of structural changes. Throughout the late 90s and early 2000s, we saw an increase in consolidation as breweries and companies integrated their operations in order to achieve economies of scale. However, the turbulent conditions of recent times have forced many owners to offload their assets, which has led to companies implementing better pub management policies. The upshot is that the industry is seeing a positive turnaround and it is forecast to return to growth over the five years as companies and establishments adapt to consumer trends. Continue reading “Securing finance for your public house”

Re-mortgaging a bed and breakfast can offer many advantages, including giving owners the option to secure cost savings with a better rate. With most mortgages you’ll be on a competitive introductory rate for the first 2-5 years before being switched to a higher rate. This makes switching more attractive and means you could save a great deal in the process too if you get it right. Continue reading “Why should you remortgage?”

When businesses face cash flow difficulties, it is not uncommon for owners to avoid payment of VAT and corporation tax to pay creditors and suppliers and continue trading. The problem is that HM Revenue & Customs are the most likely to send in bailiffs and issue a winding up petition. Many business owners assume that once this action is implemented it is the end of their business, and that liquidation is inevitable. However, this does not necessarily have to be the case. We specialise in hospitality and marine finance and funding, and we can assist our clients by finding an alternative solution. Continue reading “Dealing with business tax arrears”

Anyone who has every taken a holiday or visited a seaside town in the UK will have a sense of how popular bed & breakfast accommodation is. This is due to the fact that they offer accommodation that is generally more personal and homely than larger hotels. This popularity is reflected in the overall contribution of bed & breakfasts and guest houses to the economy, which is estimated to be around £2.5billion every year. In order to sustain this economic success, businesses in the sector require expert help and sometimes access to supportive refinancing. Stewart Hindley & Partners are proud to be at the forefront of offering these services, specialising in hotel, bed and breakfast and guest house finance of all kinds. Continue reading “Connecting hospitality businesses with supportive lenders”