Food & Beverages

The Food and Beverage Industry is large, diverse, and very innovative. It is one of the oldest industries on the planet. The Food and Beverage Industry includes companies involved in transforming raw agricultural goods into edible consumer products.

The supply chain for this industry includes food processing, packaging, and distribution. It comprises fresh food, packaged food, and beverages (both alcoholic and non-alcoholic).

From food sold at the grocery store to cooked meals served at restaurants, institutions, and events, this industry serves a huge variety of retail outlets.

It is the daily need of 8 billion people. It employs more than 4.3 million people and generates more than £120 Billion in revenue for the UK.

Why is the Food & Beverages Sector Important?

STABLE SOURCE OF EMPLOYMENT

It employs more than 4.3 million people and accounts for about 20% of the entire manufacturing of the UK. Food manufacturing tends to have relatively high payments to salaries/benefits compared with other industries.

ROLE IN LOCAL ECONOMICS

It is present in every city, town, village, and hovel of the world and is relatively labour intensive in nature. Recent studies show that every pound (£) of the food and beverage industry output generates between £0.30 to £1.00 of additional economic activity.

FOOD AFFORDABILITY

The importance of architecture and construction in tourism is undeniable, just look at Egyptian architecture as a proof. Architecture is one the most important aspect of attracting tourism. States spend a lot of money on renovation and maintenance of their historical sites.

SOCIAL GOAL

A strong food & beverages sector is vital to national security. The food and agriculture sector contributes to society’s goals for ensuring adequate, secure food supplies; food system sustainability; and nutritious diets.

Expert Advice

Rehmat Hussian

I provide my expertise and services to a diverse range of clients Read More

Rehmat Hussain

VAT Manager

info@lanop.co.uk

0208 392 9375

Book an Appointment

I provide my expertise and services to a diverse range of clients involved in the food and beverage sector, assisting them in resolving industry-specific accounting and tax issues. With the help of my extensive experience and understanding of this industry, I provide attention to detail advice that is completely specialized to your business structure needs, allowing you to worry less about your daily accounting services and focus more on earning profits.

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What Our Clients Say

Lanop understand that accounting is time-consuming for business owners, like me – and they’re dedicated to alleviating this burden. They first helped me with a tax return in 2011, so the fact they now run all of my accounts, both personal and professional, speaks volumes. “I can’t recommend them highly enough”.

Giles Adams

Partner and President, 3rd Home

Role of Accountants in the Food & Beverages Industry

An accountant’s perspective and financial advice are vital to thriving in a fast-paced market. Property valuation to registration for VAT and corporation tax as well as precise computations of taxes, and daily cash flow management all need an expert accountant.

Financial analysis like cost-benefit analysis
Financial and non-financial evaluation of alternate ideas and new investments
Identifying and implementing data base technologies to enable smoother transactions
Reducing wastefulness and increasing flexibility and responsiveness of transactions
Collaboration with operations to identify and solve problems creatively
Providing analytical support for future ventures and budgeting

Accounting Services in Food & Beverages

BOOKKEEPING

MANUFACTURING COST COMPARISONS

EQUIPMENT ACQUISITION

WORKER’S COMPENSATION ANALYSIS

PAYROLL

ANNUAL ACCOUNTS

DEPRECIATION & COST EXPENSING

RAISING BUSINESS FINANCE

INVENTORY MANAGEMENT

MANAGEMENT ACCOUNTS

VAT & PAYE SUPPORT

PROFITABILITY AND EXPENSE ANALYSIS

INDUSTRY AND MARKET ANALYSIS

ADVICE ON COMPANY STRATEGY

CASH FLOWS AND REVENUE FORECASTING

INVENTORY CONTROLS

CAPITAL AND OPERATIONAL EXPENDITURE BUDGETING

TAX PLANNING FOR THE COMPANY AND DIRECTORS

EMPLOYEE STOCK OWNERSHIP PLANS

COST SEGREGATION STUDIES

EMPLOYEE BENEFIT PLAN AUDITS

BENCHMARK ANALYSIS

POINT OF SALE ACCOUNTING SYSTEMS & ANALYSIS

MERGERS & ACQUISITIONS PLANNING

RETIREMENT PLANNING

SUCCESSION PLANNING EXPERTISE

VIRTUAL FINANCE DIRECTOR SERVICES (OUTSOURCED CFO)

What makes Lanop the best accountant for you?

Lanop is adept at injecting financial components into food and beverages professionals’ businesses as they struggle with changing customer’s behaviour and require a unique mix of services.

Our chartered accountants and specialists in the food and beverages business have helped several clients successfully. They will provide the best accounting and tax assistance available in the market.

We work with a variety of food and beverage businesses, such as confectionery stores, sweet shops, cafes, grocery stores, beverage manufacturers, organic food stores, seafood businesses, restaurants, and emerging brands.

Lanop: A Gourmand of Accounts for Food Specialists

Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London provide practical and efficient solutions to all your accounting needs.

Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations.