Numbers from AlixPartners and CGA/NielsenIQ show that nearly 10 bars, restaurants or pubs closed every day in the past year. A cocktail of rising energy and supply bills, the cost of living crisis and staff shortages stemming from Brexit has struck a major blow to the sector.

 

There have been attempts to prop up the hospitality industry in forms of targeted reliefs and a reduction to the average rateable value at the 2023 revaluation. However, the numbers of closures show any rateable value reductions are simply not enough or that the targeted reliefs are not being applied.

 

The team at Holloway Bond have helped companies across the entire hospitality sector reduce their rateable values, and secure reliefs that have allowed them to navigate and survive this testing period. We can do the same for you!

 

Please see below for examples of people and businesses in your sector that we’ve helped: