Financial Loss Prevention

Solutions For Restaurants and Hospitality

Financial fraud is a hugely common problem within the hospitality industry. Many restaurants, pubs and hotels actively seek to implement fraud prevention procedures. Their aim? To reduce their susceptibility to staff hiding transactions, altering stock levels or adjusting figures to cover up a wide range of misdemeanours.

Our own data reports that up to 90% of the losses a hospitality business records are a direct result of employee fraud. Active investment in fraud prevention will ensure falling GPs are no longer an inevitable risk. Our financial fraud prevention consultants have seen it all. Their wide ranging knowledge across the hospitality sector allows them to identify possible loopholes in your operational and financial systems. Fraud prevention is an incredibly powerful way of ensuring internal controls pre-empt any possibility of serious financial damage to your business.

Fraud prevention is not merely proactive however. There are occasions when fraud prevention is of a more reactive nature. This applies in the case of fraud having been committed previously yet for it to have been undetected. In these situations our fraud prevention experts are capable of carrying out secret Observational Audits to carry out the ultimate fraud prevention exercise: detecting and deterring employee fraud.

Need Help Combating Theft Or Fraud?

“Venners have provided a professional and reliable service to Royal Troon Golf Club since 2008 for our food and liquor stocktake. Their accuracy, efficiency and attention to detail are evident throughout the stocktaking procedure. I have no hesitation in recommending Venners due to the high standards and expertise the company have shown at Royal Troon Golf Club. I am confident our working relationship will continue for the foreseeable future.”

Gillian Thriepland – Royal Troon Golf ClubFinance Controller

“Working with Venners has been a reliable and accurate tool for us to be able to properly stay on top of our stock control and GP. The Stock Takers are always friendly and consistent, full of good advice and ideas of how we might be able to better utilise space or product, and never have any problems with having to do a little digging or spending a little bit longer with us if there seems to be any concerns or issues to get to the bottom of. Venners feels like a genuinely invested company to work with and would be an asset to any business looking for better stock management.”

Fred NashGeneral Manager

“We are very happy with the service that Venners provides us. Their management team is always on the end of the phone to assist us with any questions we have. Our stocktaker is excellent, he explains everything in detail that is understandable to all. Very satisfied with Venners service.”

Heidi LancasterComplex Manager

“We have been really pleased with the services provided by Venners to our hotels since coming on board in 2017. Not only have we seen an improvement in our beverage margins of around 2%, they have also provided us with numerous recommendations in how we can operate our business more efficiently, whilst spending time with the hotel teams to give them a better understanding in maintaining and enhancing beverage controls. All of the Venners team are incredibly friendly and helpful, nothing is too much trouble for them.”

Marc SassenDirector of Finance

“We at Leaf Hotels have worked with Venners for more than 15 years and we have always found the service to be reliant, accurate and professional. The stocktakers attending are always thorough and prepared to spend time going through the reports to ensure we are satisfied with the results produced.”

Thas BalaOperations Director

“We at Thorley Taverns have been working with Venners for coming up three years . We have found all of their team to be proffesional, hard working, and have a “can do” attitude, which is refreshing and great to work with. Our in-house management teams appreciate the level of service at unit level and senior management really like the integrity of the reports. Proper company, proper job.”

Philip ThorleyDirector

“Venners have always provided a professional, comprehensive and friendly service. Easy to understand reports, and their staff offer guidance and support to enhance the business needs.”

Liz GouldPA to the General Manager - Dartford Golf Club

“We came to Venners late and with a complicated proposition, but the team didn’t blink at anything we threw at them. Venners worked closely with our internal team to understand a complex and technical inventory, and turned around a nationwide inventory check in remarkably quick time. We now have an accurate inventory catalogue across all our UK sites and we’re so much more confident in our due diligence set-up going forward.”

Mike BrandonManaging Director

“Thanks to Venners, we’re confident that customers entering a Creams store, anywhere in the UK, will find the same great environment, same amazing desserts, in the same spec, time after time. For a franchised business, Venners compliance audits are exactly what we needed to keep control of our brand – they do an excellent job!”

Ian JeffreyHead of Compliance

“Venners provide a reliable and reputable inventory and valuation service, that is second to none. They get it right first time, every time.”

Richard WhiteDirector of Complex Solutions

“I have always found Venners to be very responsive in the face of tight deadlines, pragmatic in approach and highly knowledgeable in terms of their advice. Overall the firm represents good value for money.”

Rob GrayHead of Hotels & Leisure

“Over the last 18 months Venners have assisted us in integrating our compliance functions from an internal resource to a new external process. This new system is proving to be cost effective and robust. We are pleased with the input from Venners and recommend them as professional and impartial service providers.”

Russell MargerrisonChief Financial Officer