Press Up

Press Up Entertainment Case Study

Press Up Entertainment Group is Ireland’s leading leisure and hospitality company. The Group has interests in a variety of sectors, most notably hotels, bars, restaurants, venues and nightclubs.
The group provides employment for more than 1,000 people across its 26 businesses, which include Wagamama, Dean Hotel and Sophie’s Restaurant, and Peruke & Periwig, the eatery famed for its “Around the World in 80 Cocktails” menu.

OVERVIEW

Press Up Entertainment Group is Ireland’s leading leisure and hospitality company. The Group has interests in a variety of sectors, most notably hotels, bars, restaurants, venues and nightclubs.

With an extensive estate of leading-leisure brand names, Press Up Entertainment approached cost-reduction experts GAS to represent them in the contract renegotiations with their long-list of energy suppliers.

Following an extensive review of their business, GAS discovered that some of their contracts had elapsed and, as a result, many sites were paying above-market, out-of-contract rates.

SOLUTION

Following a comprehensive investigation and analysis of the leisure destination’s existing energy contracts, GAS’s team of industry-leading procurement specialists were able to utilise their superior buying power to renegotiate their current terms and establish significant cost savings of €100,000 (£83,500) over the course of their new contract.

As part of their long-term commitment to customer care, GAS’ team of energy specialists will continue to undertake energy audits at their sites to provide ongoing guidance and recommendations on how to further enhance their savings by reducing their energy consumption levels.

In GAS, Press Up Entertainment have found a partner with the expertise and portfolio of services to provide an end-to-end solution that would allow them to not only reduce their current energy spending, but also manage their expenditure long-term across their entire estate.

BENEFITS

  • Experience significant cost savings of €100,000 (£83,500) by the end of their existing two-year contract.
  • Establish long-term control over their future energy costs.
  • Maximise the accuracy of their financial forecasts with a tighter control over spending.
  • Remove the burden of renegotiating contracts will multiple suppliers.
  • Increased focus on their core-business activities.

TESTIMONIAL

“We were looking to save money on our running costs but didn’t want the hassle of renegotiating contracts with all of our individual suppliers. The appointment of GAS has taken that job out of our hands and the company’s experience in dealing with these issues will enable us to make significant cost savings as we look to grow the business.”

Alexandra Handzlewicz, Group Cost Controller, Press Up Entertainment

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Paul JohnsonGroup Financial Director

Paul Johnson is very much a home-grown talent.

He joined Great Annual Savings Group in its infancy, fresh from a youth career as a professional footballer with Hartlepool United.  He quickly established a reputation within the business and aced all required accountancy qualifications in the space of four years to become the Group’s Management Accountant.

Several successful projects later, Paul was promoted to Head of Finance.  When the former FD left GAS, he took on the mantle of the business’ most senior finance professional; boasting a string of incredible achievements all under the age of 30.

Quote:

“I have witnessed phenomenal growth at the Group over the many years I’ve worked here and I’m looking forward to guiding the Group into an exciting new chapter.”

Interesting fact:

Paul made his professional debut for Hartlepool United against Bournemouth in the Football League.  Some say Danny Ings still resides in his pocket to this day.