UHY Hacker Young
Reporting on financial analysis, tax insights, and industry benchmarking provided by a leading accountancy and advisory firm with a strong focus on the hospitality sector. This section covers business rates, VAT schemes, profit performance, and commentary on economic trends impacting restaurants, pubs, and F&B operators. Designed for finance leads, operators, and group executives, it offers practical guidance and strategic context to support commercial planning in a volatile market.
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Jul- 2025 -21 JulyBusiness
HMRC names and shames 98 restaurants in tax crackdown
HM Revenue and Customs (HMRC) has identified 98 restaurants and takeaways for underpaying taxes, as part of an enforcement campaign that recouped £10.4m in unpaid tax and imposed £9.2m in penalties. The businesses, which were rounded up in a single day, include A La Turka in Grimsby, which owes £492k;…
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Mar- 2025 -17 MarchFeatures
Private equity in hospitality: a lifeline or a looming takeover?
French restaurant group Bistrot Pierre was the latest British chain to be acquired out of administration by a private equity firm, ensuring that 10 sites will continue to trade with exactly 394 jobs saved. Private equity investment in hospitality has become a growing force that offers a financial lifeline to…
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Oct- 2024 -21 OctoberNews-In-Brief
Today’s news in brief – 21/10/24
The UK’s top 100 restaurant groups saw profits dip to £244.1m in 2024 from £246.5m, according to new research by UHY Hacker Young. The firm has called this dip in profits a “creditable performance” considering the challenges the sector has faced from the cost-of-living crisis and years of losses the…
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21 OctoberNews
Top 100 restaurant groups see profits dip to £244.1m in 2024
The UK’s top 100 restaurant groups have seen their profits dip from £246.5m in 2023 to £244.1m in 2024, new research by UHY Hacker Young shows. UHY Hacker Young said that the slight dip in profits is a “creditable performance” considering the challenges the sector has faced from the cost-of-living…
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Jul- 2024 -8 JulyNews
Today’s news in brief – 08/07/24
Insolvencies of pubs and bars have jumped 30% in a year, according to data from UHY Hacker Young. For the year ended 30 April 2024, pub and bar insolvencies continued to rise over the last year with fewer and fewer people willing or able to pay an average of £4.75…
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8 JulyPubs and Bars
Pub and bar insolvencies jump 30% in past year
The number of insolvencies of pub and bar companies has jumped 30% in the past year, according to data from UHY Hacker Young. For the year ended 30 April 2024, 784 hospitality businesses went under compared with 602 insolvencies in the year ended 30 April 2023. Pub and bar insolvencies…
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Feb- 2023 -13 FebruaryPubs and Bars
Pub insolvencies soar 83% in past year
Insolvencies among pub and bar companies have risen by 83% in the past year to a total of 512, according to accounting firm UHY Hacker Young. The firm has attributed the increase of insolvencies from 280 in 2021 to 512 in 2022 to the effects of the rail strikes paired…
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Aug- 2022 -3 AugustComment
How the Hospitality Industry can combat the insolvency crisis
After a report from UHY Hacker Young showed that UK restaurant insolvencies have jumped 64% from 856 in 2020/21 to 1,406, Kate Nicholls, CEO of UK Hospitality, warns that “it’s quite clear that this is just the tip of the iceberg”. The past quarter represented the largest number of restaurant…
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Jul- 2022 -25 JulyNews
UK restaurant insolvencies surge 64%
UK restaurant insolvencies have jumped 64% year-on-year from 856 in 2020/21 to 1,406, as rising inflation, decreased consumer spending and labour shortages are driving restaurants out of business, according to new data from UHY Hacker Young. There were 431 restaurant insolvencies in the last quarter alone (in the three months…
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Jun- 2022 -13 JuneRestaurants
Losses at top 100 UK restaurant groups surge 24% to £832m
Losses at the Top 100 UK restaurant groups grew 24% from £673m to £832m in just the past six months, according to a new study by UHY Hacker Young, the national accountancy group. It said the scale of the losses has been driven by the effects of major restructuring programmes…
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