Case study: From launch to passing the VAT threshold, supporting a growing catering business

The client

South Streat Limited launched in November 2020 with a love of great food and a clear goal: bring restaurant-quality catering to the public and to major corporate clients, including Manchester United and Manchester City. It is always a pleasure catching up with the directors and seeing their hard work pay off.

Where they were

Like many start-ups, South Streat began with big ambitions and limited knowledge of managing finances. They needed accountants who could handle compliance and explain things simply. At the start they faced:

• Uncertainty about HMRC requirements
• No clear approach to corporation tax, VAT or payroll
• A need for simple guidance on cashflow and tax
• Fast growth to balance against staying compliant

What changed

We provided a full accountancy service built around their needs, including corporation tax, personal tax, bookkeeping, VAT registration, payroll and PAYE, and FreeAgent for invoicing and cashflow. The emphasis was on guidance: explaining tax in plain English, keeping them ahead of obligations, and being available to talk.

The result

• Full compliance with corporation tax, VAT and payroll
• Time and money saved through tax planning
• Clearer financial reports for better cashflow management
• Confidence in planning ahead
• Growth that has taken the business past the VAT threshold, with new staff, a wider reach, and an invitation to cater in France

In their words

Working with Jay and the team at Accounting Solutions Manchester has been a game-changer for us. They really understand the hospitality industry and always explain things in a way that makes sense. We feel confident, in control, and supported, and that has made all the difference.

South Streat Limited

What we love most

Seeing the South Streat story unfold from start-up beginnings to a recognised name in catering. It shows what the right support can do at every stage of growth, whether you are a small business starting out or well on your way.

Questions this story answers

What happens when a growing business passes the VAT threshold?

It becomes a VAT matter for the business. We explain what changes and when, and help you prepare in good time.

Can an accountant help a hospitality or catering business?

Yes. We work with hospitality businesses and understand the cashflow, staffing and seasonal pressures.

Can you help set up payroll and PAYE for a new employer?

Yes. We help new employers get set up and keep up with their obligations.