A popular hotel in Liverpool, approached Venners for stocktaking services some two years ago. Since then, the multi-award winning hotel has seen incredible improvements to its GP figures, a hugely reduced stockholding and consistent surplus figures for its stock results.
Over the space of just 20 months, the Venners team helped turn around the venue’s stocktaking results. Previously recording regular
shortages, the most recent eight months of results have proved stock shortages to be eliminated.
Freeing up cash that was previously tied up into the business, our stocktakers also coached the hotel’s management team into drastically reducing stockholding. Within 20 months the hotel has managed to nearly halve its stockholding, meaning the business can use this freed up cash in better ways that will promote a higher ROI.
Most significantly, the site’s gross profits have increased by an average 3% GP; with the hotel’s most recent GP result hitting highs of 74.9%! Despite achieving what would generally already be considered satisfactory levels of GP% prior to employing Venners, this succesful hotel business has witnessed the direct benefits of improved stock control through our regular stocktaking services.
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