chem1st Posted September 28, 2011 Share Posted September 28, 2011 Tomorrow the rent is due. Sales are down. How many businesses will go bust? Perhaps the rent is too high... Link to comment Share on other sites More sharing options...
Rampent Posted September 28, 2011 Share Posted September 28, 2011 Tomorrow the rent is due. Sales are down. How many businesses will go bust? Perhaps the rent is too high... Off the top of my head, 17829 Link to comment Share on other sites More sharing options...
Murphy Jnr Posted September 28, 2011 Share Posted September 28, 2011 I dread to think Link to comment Share on other sites More sharing options...
Andy Posted September 28, 2011 Share Posted September 28, 2011 They've been saying high street spending's down for a long time. But last weekend I went shopping in Bromley (my local town) and it was dead - seriously, there was hardly anyone about. This is the first time I've really noticed it. Has anyone in Sheffield noticed a similar downturn? My friend who works in the local Sainsbury says he's noticed, in the last month or so, lots more people buying the 'basics' range, more people buying the 'yellow sticker' stuff and, worryingly, more cards being declined at the till. Link to comment Share on other sites More sharing options...
Scozzie Posted September 28, 2011 Share Posted September 28, 2011 why are companies going bust tomorrow? Link to comment Share on other sites More sharing options...
Andy Posted September 28, 2011 Share Posted September 28, 2011 Because it's the end of the quarter and the day businesses traditionally pay their rent. Link to comment Share on other sites More sharing options...
Scozzie Posted September 28, 2011 Share Posted September 28, 2011 Because it's the end of the quarter and the day businesses traditionally pay their rent. oh NUTS!! I guess that means I'll have to get a start on the figures for the sales meeting. Link to comment Share on other sites More sharing options...
ECCOnoob Posted September 28, 2011 Share Posted September 28, 2011 Tomorrow the rent is due. Sales are down. How many businesses will go bust? Perhaps the rent is too high... .....perhaps the business is mismanaged...... perhaps the products are priced too high..... perhaps the customers have found somewhere with better products or service..... perhaps the owners have not invested enough time or effort into the business..... .....perhaps the business has not kept up with the times....... perhaps the business' location has become inappropriate....... perhaps more competition has moved into the area....... There are dozens of reasons why a business MIGHT fail. Do you have any other single thing in your head other than property prices all the time. Link to comment Share on other sites More sharing options...
Andy Posted September 28, 2011 Share Posted September 28, 2011 I think the point is, although there are dozens of reasons why a business might fail, getting evicted from their premises due to being unable to pay the rent is likely to be the straw that breaks the camel's back in many cases. Link to comment Share on other sites More sharing options...
LDeville Posted September 28, 2011 Share Posted September 28, 2011 Hi When a business goes under, not good. However, we remain factual and have to state that like anyhting in life, businesses have cycyles. Over 30 year periods, some will become great and others will go under = FACT Re you question how many co's will go under tomorrow, simple: England = 269 Scotland = 123 Wales = 43 NI - 6 Cornwall - 3 France - 69 Germany 156 Finland - ZERO Mexico - 5647 FACT Link to comment Share on other sites More sharing options...
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