Hotel group encouraged despite pandemic hit

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Hotel group encouraged despite pandemic hit

A family-owned hotel group has said that while the Covid-19 pandemic will have a "big effect" on the figures for its current financial year but said since reopening after the lockdown the "early signs are very encouraging".

The Webb Hotel Group owns Moor Hall Hotel and Spa in Sutton Coldfield, The George Hotel and The Cathedral Hotel in Lichfield, The Gables Hotel near Bristol and The Red Lion pub in Newborough, Staffordshire.

In newly filed documents for the 12 months to 31 December 2019, the group achieved a turnover of £10.7m, up from £10.5m.

Its pre-tax profits also went from £679,895 to £665,583 over the same period.

In July 2020, the company confirmed that it had secured Coronavirus Business Interruption Loan Scheme (CBILS) funding worth £1.5m to help it through the lockdown.

A statement signed off by the board said: "2019 was a mixed year with Moor Hall performing better than the other properties.

"The challenges continue to be controlling wages, costs and margins.

"The rise again in the minimum wage has a knock on effect across the whole team in each property with the most challenging area being the kitchen as good quality chefs are hard to recruit resulting in the employment of expensive agency chefs which also affects the food margin.

"Overall there was a good start to 2020 with a focus on wage controls and margins and we saw good progress in these areas.

"Unfortunately these steps have since been overtaken by the coronavirus pandemic which will have a big effect on the year's figures though since reopening early signs are very encouraging."

 link source - Insider Media

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