Below is a list of the core services we offer however, each of these can be tailored and combined with others to create a service or package that closely meets your business needs.
Our payroll department processes and administers payroll to companies with just a few employees to a few hundred employees. We can take care of administering auto enrolment and any tronc payment schemes. Our sister company, Leisure Staff Ltd is able to provide temporary employment vehicle solutions for companies when trading in administration.
It is essential that staff records are correct and kept up to date as they will be needed to run automatic enrolment effectively. These records must include: dates of birth, salaries, National Insurance numbers, contact details and the amounts paid into the pension scheme each pay period.
LSS Group can take the pressure surrounding payroll and auto enrollment away from you and ensure every aspect of payroll is dealt with effectively and efficiently.
Leisure Staff Ltd is a sister company of LSS Group. It has been formed out of the need to provide an employment vehicle for trading companies when in administration or other forms of insolvency. Therefore, mitigating some of the personal liability an insolvency practitioner would be exposed to. If this is of interest to you, please view the Leisure Staff website.
Having control over your purchasing and stock are key elements of a successful business. Our versatile, cloud-based purchase order system can be configured to most trading environments.
We identified the lack of accurate reports available on the financial position of the trading element of the business. In order to report efficiently, we utilise a system which not only saves time but also provides thorough real time information.
This programme reinforces layers of control within the business whilst also tracking its progress. It gives both us and the client full control over purchases with multi layered approval structures. Real time reporting in cash terms for approved, received and unreceived goods.
Often, we are asked to advise insolvency practitioners prior to them being appointed over a business. This allows them to formulate a trading strategy based on expert industry knowledge and therefore giving greater chance to maximise returns to creditors.
Creditors take a huge amount of comfort when a credible and efficient trading and exit strategy have been carefully planned. LSS Group speciailise in this area of hospitality. We can generate a comprehensive support plan to ensure a maximum return and have developed systems which will help and support the overarching goal of the IP’s.
Anybody can write a business plan, however is that business plan viable? Do the operators have the required experience to achieve the targets? Is the property suitable to reflect the business plan and is it located in an area to reflect the aspirations of the business plan?
Our primary objective of a pre-investment appraisal is to place a value on the benefits of a possible investment so that the costs the business will incur can be justified. With our specialist industry knowledge, we can review business plans prior to investment and give our unbiased opinion of its viability.
The directors of LSS Group have carried out numerous IBR’s for lenders across the UK. Our industry knowledge allows us to carry this out with an unbiased approach.
It is very important for lenders to shape an informed view on the borrowers before deciding to re-finance, restructure or agree to grant waivers and amendments to existing finance arrangements. Our independent business reviews aim to build a common information platform between the lenders and the borrowers. These reviews can be critical in the decision-making process regarding debt restructuring.
Our IBR service provides the following:
If you are a multi or single site owner, but not the operator, our 10% Pub Co. framewok may well be for you. We can manage all aspects that include property and tenant management.
A client’s portfolio of pubs, restaurants, night clubs or other leisure facilities can be looked after in the way best suited to the client; from fully managed, tenanted or leased, or a combination of different models.
Occasionally, it is not viable to save a business and closing down is the only option. We can also advise and implement a structured closure and can effectively liquidate the assets in order to minimise a creditor’s loss.
Alcohol licensing is a significant part of our business. Our licensing department operates across England, Wales & Scotland. We employ qualified licensing practitioners to ensure the best possible advice and service is received by our clients. We advise a broad range of clients from hotels, bars, clubs, supermarkets, off licenses and restaurants to music festivals and outdoor events, pub companies and sports clubs. Basically, if you have an alcohol license, we can help you.
LSS Group have a dedicated licensing department and employ qualified licensing practitioners. We can assist with applications, premises license management, major & minor variations, transfers & holding, DPS variations, mediation, reviews and enforcement working with our preferred partners.
Reputable stocktaking and audits conducted by industry professionals should always be self-financing, they are key to understanding the profitability of a business. They provide a regular, independent health check on a business; ensuring that it is being run efficiently in order to reach its maximum potential. We include advice on controlling stock and offer guidance to help improve margins. Our stock takers and auditors analyse your business’s profitability, identify any problems and offer solutions including the investigation of results.
We work closely with independent stock takers in order to ensure transparent reporting
We assist our clients with all aspects relating to health & safety and where appropriate will engage our health & safety partners. Our highly experienced team can guide you through the legislation regarding to Health & Safety and assist you in complying with your responsibilities when conducting your due diligence.
LSS Group can help ensure compliance with regulations, that the business adheres to The Health & Safety at Work Acts, and can conduct risk assessments specific to your premises. We will ensure that there are sound workable policies and user friendly systems in place to aid thorough in house training.
We can develop action plans as appropriate for any outstanding issues and problems to help the business to become thoroughly compliant.
We undertake operational reviews of all kinds within the hospitality sector. These reviews are designed to help identify areas of the business that may benefit from further advice or restructuring. A small investment in this process can highlight areas to be enhanced or improved.
So often we find owners and management can sometimes get tunnel vision if they have been in their business for a fair period of time. A fresh pair of experienced eyes can really help to unlock a business’s potential and suggest ways in which it can improve to attract more business.
There is absolutely no harm in booking us for a review; let us give you a few pointers to help move your business into a more profitable position. We will generate a report of our findings and can also help continue to support you if you decide to implement any of our suggestions.