Nick & Aileen Mobbs: Imperial Hotel

Case Study: Imperial Hotel

Support steers hotel on future investment

The Imperial Hotel on North Drive at Great Yarmouth uses Stephenson Smart throughout the year to support the running of the long-standing seafront hospitality business.

Director Nick Mobbs, whose family have owned the hotel since the 1930s, said they valued Stephenson Smart’s knowledge of their sector of the tourism industry.

“They have a good understanding of the hotel industry, and particularly helped us with capital expenditure tax planning,” he explained.

“We like to deal with local accountants and have worked with Stephenson Smart for the past 18 months, after they took over the Great Yarmouth clients of our previous firm.

We use them monthly for preparation of management accounts, quarterly for VAT, and for annual end of year accounts, as well as for cash flow forecasting and tax planning.”

The Imperial Hotel, which has 39 rooms, employs 50 staff and has a turnover of £1.5m, is a flagship accommodation provider in the Great Yarmouth area.

Mr Mobbs and wife Aileen have taken it from two to four-star rating, and have added the Café Cru restaurant, with a wine list tailored from Nick’s expertise as an award-winning sommelier.

The business works with Stephenson Smart partner Henry Pettitt.

Mr Mobbs said: “They provide us with a professional service in the management of our business, and were very helpful during the first nine months of the oil and gas sector downturn which affected our corporate business.

“Our hotel is a mix of leisure and corporate guests. The leisure side is seasonal from Easter to October, and the corporate side is all year round – but it has been affected by the drop in the hydrocarbons sector and closure of the local heliport.

“Stephenson Smart helped us through that tricky period when we had to be sensible with our expenditure.”

Nick and Aileen Mobbs at the Imperial Hotel

Nick and Aileen Mobbs at the Imperial Hotel, Great Yarmouth. Stephenson Smart has helped steered the hotel on future investment.

Support steers hotel on future investment

The Imperial Hotel on North Drive at Great Yarmouth uses Stephenson Smart throughout the year to support the running of the long-standing seafront hospitality business.

Director Nick Mobbs, whose family have owned the hotel since the 1930s, said they valued Stephenson Smart’s knowledge of their sector of the tourism industry.

“They have a good understanding of the hotel industry, and particularly helped us with capital expenditure tax planning,” he explained.

“We like to deal with local accountants and have worked with Stephenson Smart for the past 18 months, after they took over the Great Yarmouth clients of our previous firm.

We use them monthly for preparation of management accounts, quarterly for VAT, and for annual end of year accounts, as well as for cash flow forecasting and tax planning.”

The Imperial Hotel, which has 39 rooms, employs 50 staff and has a turnover of £1.5m, is a flagship accommodation provider in the Great Yarmouth area.

Mr Mobbs and wife Aileen have taken it from two to four-star rating, and have added the Café Cru restaurant, with a wine list tailored from Nick’s expertise as an award-winning sommelier.

The business works with Stephenson Smart partner Henry Pettitt.

Mr Mobbs said: “They provide us with a professional service in the management of our business, and were very helpful during the first nine months of the oil and gas sector downturn which affected our corporate business.

“Our hotel is a mix of leisure and corporate guests. The leisure side is seasonal from Easter to October, and the corporate side is all year round – but it has been affected by the drop in the hydrocarbons sector and closure of the local heliport.

“Stephenson Smart helped us through that tricky period when we had to be sensible with our expenditure.”

Nick and Aileen Mobbs at the Imperial Hotel

Nick and Aileen Mobbs at the Imperial Hotel, Great Yarmouth. Stephenson Smart has helped steered the hotel on future investment.

Nick & Aileen Mobbs: Imperial Hotel

Our Offices

King's Lynn

22-26 King Street, King’s Lynn,
Norfolk, PE30 1HJ

T:   01553 774104

F:   01553 692602

E:   enquiries@stephenson-smart.com

Fakenham

10 Oak Street, Fakenham,
Norfolk, NR21 9DY

T:   01328 863318

F:   01328 855732

E:   fakenham@stephenson-smart.com

Wisbech

2 The Crescent, Wisbech,
Cambridgeshire, PE13 1EH

T:   01945 463383

F:   01945 475968

E:   wisbech@stephenson-smart.com

Great Yarmouth

East Coast House, Galahad Road, Beacon Park,
Gorleston, Great Yarmouth, Norfolk, NR31 7RU

T:   01493 382500

F:   01493 651172

E:   greatyarmouth@stephenson-smart.com

Downham Market

1st Floor, 9 Market Place,
Downham Market, Norfolk, PE38 9DG

T:   01366 384121

F:   01366 858083

E:   downhammarket@stephenson-smart.com

March

23 Dartford Road, March,
Cambridgeshire, PE15 8AN

T:   01354 653026

F:   01354 650337

E:   march@stephenson-smart.com

Contact Stephenson Smart



Top