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Tough Christmas period for the high street
Tough Christmas period for the high street
The Christmas period is traditionally the time of year when many businesses make most of their profit
london,
United Kingdom,
United Kingdom
(prbd.net)
22/12/2011
The Christmas period is traditionally the time of year when many businesses make most of their profit, but tough trading conditions has meant that many companies may find themselves going out of business.
In recent weeks, many retail companies have had to call in recovery experts or even the administrators to try and save their businesses and avoid job losses. Shoe chain Barratts has recently gone into administration and 18 stores will be closed with the loss of 127 jobs before Christmas, HMV are looking to sell their profitable live music arm to cut their debt burden and Peacocks are rumoured to be looking to close around 200 stores as they restructure the business.
La Senza have also announced that they have appointed KMPG to look for a restructuring option which could include a CVA (company voluntary agreement), going into administration or the closure of some stores.
High street retailers are due to pay their quarterly rent bill on December 25, and lower than expected sales has put more financial pressure on many businesses even in the busy Christmas period.
Companies that are worried about the future of their business so contact specialist recovery experts, such asReal Business Recovery, for advice and assistance on all aspects of business insolvency and bankruptcy.
From invoice factoring to improve cashflow by collecting unpaid invoices, to pre-pack administration, to insolvency, there are many different options open to struggling businesses so contact the professional team at Real Business Recovery today to discuss the most suitable solution for your requirements.
For more information visit: http://www.realbusinessrecovery.co.uk
Name: Real Business Recovery
Company Name: Real Business Recovery
Telephone Number: 01772 785982
Email: advice@realbusinessrecovery.co.uk