Insolvency and recovery
advice for retail businesses

Understand the effect of stock, rent, supplier credit and seasonal trading on your company’s cash position.

Check what stock is really worth

Stock shown at cost in the accounts may not achieve that amount in a sale. Review slow-moving lines, saleable stock, supplier ownership rights and any finance arrangements. Compare the cash required to replenish bestsellers with the money tied up in unwanted inventory.

Stock & suppliers

Rent & overheads

Seasonal cash flow

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A first conversation is confidential, free and without obligation. We’ll help you plainly assess your next step.

◆ PRESSURE POINTS

Key considerations for retail businesses

Look beyond headline turnover

Measure gross profit after discounts, returns, fulfilment costs and platform fees. Store rent, rates, wages and utilities continue even when demand weakens. Online retailers also need to consider refunds and customer orders that remain unfulfilled.

Build a plan around the trading cycle

A seasonal peak may help only if the business can fund stock and meet new costs before receipts arrive. Explore creditor negotiations and restructuring against realistic forecasts. If closure is required, planning should address employees, customers, stock and lease obligations.

◆ RELEVANT SUPPORT

Relevant support for
retail businesses

These are the routes most relevant to this situation. Each page explains the process in detail.

Company Rescue & Restructuring

If the business has a viable future, explore ways to stabilise cash flow, address arrears and keep trading.

HMRC Time to Pay

A realistic instalment proposal may help a business address overdue tax while meeting its ongoing commitments.

◆ NEXT STEPS

What happens if you get in touch

Understand your position

Discuss your financial position, current pressures and any urgent deadlines.

Review your options

Review the practical routes and the information needed to assess them.

Agree the next steps

Decide how to proceed with a clear understanding of the implications.

— CONFIDENTIAL BUSINESS ADVICE

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your business options?

Get clear advice when your retail businesses is under pressure. Tell us what is happening and understand the practical steps available to you.

WITHOUT OBLIGATION

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Supporting businesses across Yorkshire

Insolvency and recovery advice for retail businesses