FOR LONDON-BASED RESTAURATEURS:
HOW TO TURN YOUR LOSS-MAKING BUSINESS INTO PROFIT IN 6 MONTHS
In the fast moving, highly pressured world of restaurants and catering, financial reporting is vital for success - but only if it is timely, relevant and accurate.
Numbers are the platform on which all other decisions rest.
We wear many hats when it comes to Financial Management - from Accounting and Bookkeeping to Tailored Reporting, Fund Raising and Finance Director function.
It all comes together with our special sauce of having the ability to analyse and make informed decisions with over 200 years of combined industry specific experience.
Scroll Down
WHAT OUR CLIENTS SAY ABOUT US
MURANO GROUP
1 to 5 sites in 5 years
STARTED WITH ONE RESTAURANT IN MAYFAIR AND GREW TO MULTIPLE SITES IN COVENT GARDEN AND BERMONDSEY AS WELL AS A MICHELIN STAR RESTAURANT.
"We have enjoyed a long standing and extremely trustworthy relationship with MCA since 2013. They have huge experience and knowledge of the hospitality industry and have always provided an exceptionally efficient and professional service to our group. MCA have been highly proactive and supportive in both the day to day accounting functions and future planning of the business. Their team are a pleasure to work with and they have added strategic value to our business which has now grown to multiple sites. I have always been able to trust them implicitly to be able to find solutions to problems in a measured and methodical manner. I am very happy with the service and would highly recommend them"
Angela Hartnett MBE, Owner & Chef Patron Murano Group
MACELLAIO GROUP
£250 to £1m in 7 years
THE PARTNERSHIP WITH MACELLAIO RC GROUP STARTED IN 2013 AND HAS SEEN GROWTH IN SITES FROM 1 TO 7, OVER A PERIOD OF 7 YEARS. MCA HAS SECURED FUNDING FOR THE GROUP AS WELL AS FUNCTIONING AS CFO.
"MCA have been instrumental in revolutionising the flow of information in our organisation. Their reports provide our teams with timely, accurate and invaluable information. They are a very professional firm with an amazing understanding of the restaurant industry. I view them as a crucial partner to our business and would not hesitate to recommend them."
Roberto Costa, Founder Macellaio RC Group
PASSYUNK AVENUE
1 TO 4 SITES IN 24 MONTHS
THE RELATIONSHIP WITH JP AND PASSYUNK AVENUE TRANSFORMED FROM BUSINESS PARTNERS TO STRONG FRIENDSHIP. WE HELPED NAVIGATE JP'S DREAM OF BRINGING A TASTE OF PHILADELPHIA TO LONDON AND KEEPING IT ALIVE, ESPECIALLY SINCE COVID-19 CHANGED THE HOSPITALITY PLAYING FIELD.
"MCA have been instrumental to the expansion and professional development of our business. They have taken the lead in introducing governance processes that have helped us to gain much clearer insights into our businesses' performance. They have reduced the administrative burden on our team so we are able to focus our resources more on initiatives that create value for our customers. Their expertise in financial and corporate structuring has positioned us to execute our growth plan more efficiently, while their knowledge of capital markets has helped us to access new sources of capital to fund it. MCA are an indispensable partner to our business and our confidence in them is well placed."
JP Teti, Founder & Director, Passyunk Avenue
PARLOUR
DOUBLED IN SIZE IN 12 MONTHS
WE STARTED WORKING WITH JESSE IN 2017, IT WAS ONLY IN 2019 THAT HE DECIDED HE WAS READY TO EXPAND. IN UNDER 12 MONTHS, WE SECURED FUNDING AND PUT ALL THE PLAYERS IN PLACE TO OPEN UP HIS LATEST SPOT - SIX PORTLAND ROAD
"I have been working with MCA since the negotiations started to take over Parlour in 2012 - and as an independent operator they have been as close as I could have to a partner - they have been essential in the analysis, survival, development and growth of this business. They have been particularly key in navigating the tricky COVID year of 2020, so successfully even that we were able to expand and take on another site during this exceptionally challenging period. Being hospitality specialists, they were well place in being able to offer comparable knowledge with their breadth of clients from coffee shops to Michelin starred restaurants. All extremely useful, and so key to have focus on this industry. With weekly budgeting and reporting to longer term strategic planning, they help support and guide the every day as well as the vision forward. And onward we stride. Side by Side."
Jesse Dunford Wood, Chef & Owner Parlour and 6 Portland Road
You can hire general accountants to do your bookkeeping
However, most accountants are not equipped with the industry specific expertise to analyse your financial figures and advise on growth and profit strategy.
We are the best people dedicated to solving this problem for restaurateurs and chefs.
Main Course Associates was founded in 2005 by restaurant operators, in an attempt to provide industry insights to restaurant owners in starting, scaling, operating and exiting a business.
The Main Course Associates team consists of industry insiders with over 200 years of combined experience. We understand the pressures involved in operating a business in the hugely demanding hospitality industry and know how to overcome them.
Our CEO, Muhammad Asif, has been invited in 2021 to be an official member of the Forbes Business Council. MCA International and is frequently featured in leading industry and national publications such as CODE Hospitality, The Caterer, The Telegraph and The Evening Standard to name a few.
The company has been verified by INC and named A Great Place To Work Certified company, while also receiving the Investors in People award.
The Old Way
The old way of keeping on top of your accounts is hiring an external accountant or someone in-house that works in monthly cycles to deliver end of month reports to submit to HMRC/VAT returns.
The Old Result
Dry bookkeeping with no commercial added value/insight. Simple compliance requirements met.
The New Way
Viewing numbers as the basis of providing weekly Flash Reports along with full monthly financial analysis and financial control.
New Result
Weekly flash reports spot immediate issues to tackle in a timely manner, meaning that you do not waste time and wait for the end of month filing. By advising on financial control management, which includes costs control and cashflow management, you will be able to save money, scale your business, make a profit and dream bigger!
UNIQUE USEFUL INSIGHT
Having clear visibility on financial figures allows you to make informed decisions to propel your restaurant/business towards profitability. Having weekly flash reports highlight issues within the business in a timely manner and allows you to tackle them without having to wait until the end of month reporting.
OUR TEAM
CONTACT
“MAIN COURSE – IT ALL ADDS UP”
Contact Us
Main Course Associates, 17 Hanover Square, London, W1S 1BN
info@maincourse-uk.com
+44 203 751 1300
LONDON | MALAGA | MILAN | NETHERLANDS
Copyright © 2021 Main Course Associates In partnership with Creative Unblock