A new report by PwC, one of the Big Four accountancy firms, reveals that store closures across the UK have slowed to their lowest rate for seven years. The number of chain stores shutting in the first six months of 2022 has dropped by a third compared with the same period last year, reflecting the…
Read more »
Commercial Property
Amid the gloomy talk among retailers of rising interest rates, high fuel and gas costs, supply problems and staff shortages at least one sector of the market is seeing signs of an upturn. Following on from a sales boom during the last twelve months The Toy Retailers Association is predicting a 10% increase in the…
Read more »
In the ceremonial State Opening of Parliament on 10th May the Queen’s Speech sets out plans to force landlords to let out empty shops as part of the government’s initiative to rejuvenate the country’s high streets. To be known as the Levelling Up and Regeneration Bill the plans will give additional powers to local councils…
Read more »
The first drop for three years in the number of empty high street shops and restaurants has been highlighted in a new report. The decline is the first time the number of vacancies has fallen since 2018, leading to suggestions that a post-covid recovery could soon be on its way. According to research by the…
Read more »
Owning commercial premises can have significant advantages over leasing for a business as long as owners do their homework. 1. Thoroughly research the area where you plan to buy, checking local infrastructure, services, development plans and business competitors. A commercial finance Broker can advise on funding options 2. Location is all-important. Check transport links and…
Read more »
A recent report by Retail Week, the leading website and magazine for the UK retail industry, investigates the effects of the coronavirus and lockdowns on the high street. The report goes on to suggest ways in which high street retailers can look forward to the future with confidence. Research by professional services group PwC claims…
Read more »
There are two ways to own a home in England and Wales, freehold or leasehold. A freehold means you own the building and the land it stands on. A leasehold means you are granted a lease from the freeholder. There are a number of things you need to consider when buying a leasehold and getting…
Read more »
Whilst big supermarkets, DIY stores and online retailers have largely survived intact over the last six months, permanent changes can be expected in the make-up of our high streets in the aftermath of the coronavirus epidemic. This is the prediction of the Centre for Retail Research (CRR), an independent monitoring and research group which provides…
Read more »
In a televised address at 5.30pm on 23 March 2020 made to the risk posed by Covid-19, the government ushered in a new way of living and working for more than 60 million people. Employers have ever since been looking at their working environment to assess whether it is both safe for their employees to…
Read more »
In his recent speech from the West Midlands, the Prime Minister promised to “build, build, build” in order to soften the economic impact of Covid-19. Mr Johnson committed to accelerating growth by fast-tracking £5 billion-worth of investment in infrastructure, in projects including hospital building and maintenance, affordable homes programmes, road and bridge projects, and school…
Read more »