Everyone will no doubt be familiar with the expression “if at first you don’t succeed, try and try again”. There is a reason why this is such a famous saying: it happens to be true. If people over history had simply given up due to a lack of success on their first attempt, we’d have missed out on some of the world’s most important inventions and cultural milestones, from lightbulbs to the Beatles.
As valid as these words are, it’s not always the case that people have been able to try again when success did not come first time around. The pressures of generating revenue and repaying loans can leave many believing that a first failure really does mean the end of a business. We don’t believe that this should be the case, especially not when a business is operating in a market known for its sustainable success. We specialise in arranging financing and refinancing for businesses in the accommodation and leisure industry, including hotel, B&B, guest house and marine finance, to name just a few of the areas we cover.
On average, some fifty million people spend nights in a British guest house over the course of a year. This is an exceptional number, and indicates how much guest houses contribute to the estimated Â£115 billion the hospitality industry brings to the economy annually. However, these impressive figures should not be taken as a sign that every business in the accommodation sector is a success story. Many hit a patch which sees their business plan fail, often due to circumstances beyond their control. This is where we can help.
With such potential for success in the sector, we don’t believe that every guest house or bed and breakfast which runs into financial difficulty should be allowed to fail. Often circumstances are ripe for success, and that success can be attained with structured, supportive refinancing and a revised business plan. This is exactly what we bring to you. If at first your guest house doesn’t succeed, get in touch with us. We’re here to help, and to make sure your business is running as successfully as it should.