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Hospitality

A restaurant group with 40 staff

Payroll, rotas and year-end in Spain, with a single monthly report for the owners in London.

Case file

Client

Company · Madrid

Sector

Hospitality

Countries

Spain

Year

2023

A cook at work in a restaurant kitchen

40

payslips a month

1

report

1

The challenge.

What the client came to us with.

1

The challenge.

What the client came to us with.

A group of three restaurants in Madrid, owned by a family living in London, had payroll spread across two providers and no monthly view of its numbers.

2

What we did.

The work, in the order we did it.

2

What we did.

The work, in the order we did it.

One payroll

We moved forty people to a single payroll, with rotas and overtime sent through the client area before the 20th of each month.

A report for the owners

Every month the owners receive one page in English with sales, staff costs and cash for each restaurant.

3

The outcome.

What changed for the client. We describe our work, not financial results.

3

The outcome.

What changed for the client. We describe our work, not financial results.

Forty payslips a month, on time, and one report the owners read from London. Year-end accounts are now filed within three months.

Your numbers, in order. Every month.

A first meeting is free: thirty minutes, by video or at either office, to see what you need and what it would cost.

A first meeting is free: thirty minutes, by video or at either office, to see what you need and what it would cost.

Madrid

Calle de Almagro 26, 4.º
28010 Madrid

London

38 Great Sutton Street
London EC1V 0DX

Lozano Ferris LLP is a limited liability partnership registered in England and Wales (OC000000), with its registered office at 38 Great Sutton Street, London EC1V 0DX. Its partners are members of the Institute of Chartered Accountants in England and Wales. Lozano Ferris Wealth Ltd is authorised and regulated by the Financial Conduct Authority (FRN 000000). Lozano Ferris Asesores, S.L.P. is registered with the Registro Mercantil de Madrid and in the ROAC (S0000); its financial advice is registered with the CNMV (no. 000).

Investment risk: the value of investments can fall as well as rise, and you may get back less than you put in. Past performance is not a reliable guide to future returns. Tax treatment depends on individual circumstances and may change.

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