Lakeland chooses MRI Software to support lease accounting compliance and drive insight into property portfolio

Lakeland, one of the UK’s leading homeware retailers, has partnered with MRI Software to implement its lease accounting solution across approximately 55 sites. The move supports Lakeland’s compliance with FRS102 lease accounting standards and lays the foundation for more efficient management of its property portfolio.

By consolidating all lease data into a single system, Lakeland aims to improve visibility of property costs in both the short and long term.

Meeting our FRS102 compliance obligations was a key driver, but we also recognised the wider opportunity that MRI Software’s lease accounting solution offers. With all our lease information held in one place, we expect this to bring much better visibility over our property costs. MRI understood our goals from the outset and delivered a platform that not only meets our current needs but supports our future growth.

– Sarah McGraw, Head of Financial Control at Lakeland.

MRI Software’s flexible, cloud-based lease accounting technology is designed to help retailers like Lakeland meet complex regulatory requirements while unlocking value through improved lease data visibility and operational efficiencies.

We’re proud to support Lakeland as they strengthen their lease accounting processes and gain better control over their property estate. This partnership reflects our continued commitment to helping retailers navigate the complexities of compliance while driving smarter decision-making through centralised data.

– Richard Belgrave, Managing Director, Occupier Solutions at MRI Software.