The previous Quarter Day proved to be a cashflow problem too far for many retailers.
Since then, there has been little reason for optimism. According to some research, 13% of the retail sector is regarded as in danger.
Consumer confidence is still low and many shoppers will be delaying any significant spending until Christmas. Retailers will have to ensure they are adequately-stocked for the Christmas trade. Prices will need to be very competitive, as consumers will be demanding bargains.
In amongst all this, rents still have to be paid.
Raising funds is difficult as many lenders are avoiding ‘problem sectors’ – which, sadly, does currently include the retail sector.
We can help you if you are:
- looking for acquisition opportunities
- planning to expand your business
- looking for advice regarding cash flow matters
- wanting to reorganise your business to help ‘ride the storm’
- considering injecting new funds into the business.
We can work with you and your Accountant / Business Advisor, to work out what the best option is for you and for your business. To arrange a free consultation call our free Insolvency Helpline on 0161 907 4044, or e-mail [email protected]l.com