1st of July is just around the corner. For a majority of businesses, this signals that the next quarter rent will fall due.
At a time of austerity measures and dwindling turnover, a huge bill, however expected, is increasingly becoming a challenge to business. The problem becomes greater for small businesses fighting for survival. Many a times have we seen businesses falling short of the rent demand having to come into arrangements with landlords just to keep in business and a place to trade. When the pressures become too much, these businesses were often pushed into either voluntary insolvency or compulsory insolvency and consider outcomes such as liquidation.
When faced with a large rent demand, businesses should immediately assess their financial opposition and decide their ability to continue. If they cannot deal with these issues themselves, financial advisors such as ourselves may be able to help. We have dealt with landlords in various issues and the outcome we seek focus on a beneficial outcome for all parties.
