Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

 
Bank claims: Rent day 'could be final straw' for struggling retailers

"Rent quarter day" is due, which could lead businesses struggling with loan charges and bank claims to sink in the immediate future.

The Association of Business Recovery Professionals (R3) claimed 18 per cent of retail sector companies are currently finding it hard to pay their debts.

However, this weekend will be the quarterly rent payment deadline, in which commercial property occupants pay three months' advance rent.

R3 suggested this expense could be "the final straw" for some of these organisations.

JJB Sports has recently revealed it intends to appoint administrators, while Game Group filed a similar notice before rent quarter day in March.

"Many leases will have been set up a long time ago and in today's economic climate are not sustainable," R3 president Lee Manning said.

"The retail sector is under enormous strain," he added.

Nonetheless, the Office for National Statistics reported that retail sales in August 2012 were higher than in the same month in 2011, with the overall number of goods purchased realising an annual growth of 2.7 per cent.

Amir Hussain
Amir specialises in personal loans, consumer debt and debt management.ADNFCR-2776-ID-801459730-ADNFCR



Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Town
County
Post Code 
Email 
Circumstances
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website www.gov.uk/moj/cmr number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide