Tourism and Hospitality

Cumbria’s visitor economy

Cumbria and the Lake District is one of Britain’s few truly world-class destinations.  Our stunning landscape and heritage is strengthened by our many locally owned tourism and hospitality businesses who provide the highest standards of product, quality and service.

Cumbria’s visitor economy makes a significant contribution to the Cumbrian economy.  In 2017, Cumbria and the Lake District welcomed over 47 million visitors who brought £2.9 billion to the region’s economy and provided employment for 37,796 full time equivalent posts (estimated to be 64,992 actual jobs). 

Why choose Lamont Pridmore?

Lamont Pridmore is a multi-award winning, family-run firm of chartered accountants, tax and business advisors.  We have offices throughout Cumbria and Lancashire and, thanks to our years of experience working with a wide range of businesses in the sector, we are tourism and hospitality specialists. 

We are proud to be a Strategic Partner to Cumbria Tourism whose role is to market and develop Cumbria as a world class visitor destination, and we sponsor and support the Cumbria Tourism Awards which celebrate the success and excellence demonstrated by the county’s tourism businesses.

We combine traditional values with a forward-thinking, innovative approach to the constantly changing demands of the modern business world.  We take a holistic view to ensure we understand your business, the tourism and hospitality sector and your personal and family goals.  At Lamont Pridmore, we focus on the future rather than the past, starting where many firms finish. 

Our products and services

We are passionate about providing a personal service and offer a great range of innovative products that add real value to your business and personal life. Our specialist services can provide real value to your tourism and hospitality business and include:

    • Business start-ups including our Tourism Business Start-Up Guide and Limited Company Guide
    • Business viability and business plan reviews
    • Preparing business plans for start-up, raising finance for expansion or further business development
    • Advising on business structures and acquisition strategies
    • Maximising capital allowance tax claims on refurbishment and improvement programmes
  • Maximising capital allowance tax claims on “green” expenditures
  • Advising on tax mitigation strategies for employee earnings, benefits, tips and profit extraction plans
  • Profit improvement studies, including competitor analysis, price differentiation, creating your price model, developing key performance indicators and benchmarking reports comparing your business performance with the best in your sector
  • Developing succession strategies, grooming your business for sale, maximising business sale values and advising on the most tax efficient allocation of business sale proceeds
  • Protecting the family and the business
  • Helping you to invest your wealth wisely, including developing your Life Wealth Plan.

Contact us

For more information on how we can help your tourism and hospitality business, please contact Graham Lamont on 0800 234 6978 or visit info@lamontpridmore.co.uk

You might also be interested in:

Tourism and Hospitality Download our E-brochure
Tourism and Hospitality Tourism and hospitality specialists flyer
Tourism and Hospitality Download our Guide to Running a Limited Company
Tourism and Hospitality Request our Guide to Financial, Tax and Accounting Considerations of Starting your New Tourism Business

See our Resources section for more helpful guides and factsheets.

Latest from our Tourism and Hospitality Blog

13 Dec
2018
Hospitality sector wages increase by more than a third

According to a report by job site CV-Library, wages for job postings in the hospitality sector rose 38 per cent last month as …

Read more…

6 Dec
2018
“Landmark sector deal” on the cards for tourism and hospitality

In recent days, the Government has confirmed that it is prepared to deliver a “landmark sector deal” to the UK tourism and …

Read more…

29 Nov
2018
Hospitality businesses boosted by sharp rise in UK tourist numbers

Businesses in Britain’s hospitality sector reaped the benefits of record numbers of tourists visiting the UK last year, a new …

Read more…

22 Nov
2018
UK expected to welcome influx of American tourists this week due to Thanksgiving holidays

New research published in recent days suggests that the UK is set to experience a sharp rise in visitor numbers from the United …

Read more…

8 Nov
2018
Large number of Britons in favour of ‘tourism tax’, study reveals

A new study reveals that almost half (45 per cent) of Britons are in favour of somewhat divisive proposals to impose a so-called …

Read more…

1 Nov
2018
Average hourly wages in hospitality sector already ‘much higher’ than new NLW

Average hourly wages in the hospitality sector are far outstripping the new National Living Wage (NLW) announced as part of Monday’s …

Read more…

25 Oct
2018
ONS figures suggest unprecedented growth for hospitality sector

New figures published by the Office of National Statistics (ONS) in recent days suggest that Britain’s hospitality sector will …

Read more…

18 Oct
2018
Concerns that hospitality sector could face hard times if Chancellor doesn’t intervene

Following the recent publication of the latest inflation figures, an industry group has warned that Britain’s hospitality sector …

Read more…

9 Oct
2018
Tourism Business Health Check

Lamont Pridmore is supporting Cumbria Tourism’s Business Performance Survey. Understanding the issues of the sector is vital …

Read more…