"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.
Belmont Thornton Ltd. is regulated by the Ministry of Justice in respect of regulated claims management activities; our registration is recorded on the website www.claimsregulation.gov.uk/search.aspx number 18273
Belmont Thornton Ltd. is incorporated in England and Wales, Company number 6621233, whose head office and registered office is at Suite 2, Unit 25, The Coda Centre, Munster Road, London, SW6 6AW. VAT Registration number 945 3375 06.
Belmont Thornton Ltd is registered with the Information Commissioners Office. Registration number Z1728023 and holds a Credit Consumer License issued by the Office of Fair Trading license number 634655.
Please note that calls may be recorded and email traffic monitored for the purposes of security and 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