Small firms in trouble

Posted on 03 Jun 2015
Share Blog Post
Small firms at risk as landlords refuse to compromiseBusiness bosses have warned that their firms are at risk because landlords are unwilling to negotiate on rent. Mike Cherry, chairman of the Federation of Small Businesses, has urged ministers to consider measures to protect small companies that are close to collapse “because their rent is too high and landlords won’t compromise”. Mr Cherry, who says many small firms have long leases, argues that it is “wrong for otherwise-viable small businesses to go under just because they’re tied into paying high rents that their landlords would not be able to charge new tenants in the current climate”. Meanwhile, Labour MP Stella Creasy has told Housing Secretary Robert Jenrick that she has received complaints about landlords taking public subsidy for their own businesses while continuing to charge their tenants full rent. Melanie Leech, chief executive of the British Property Federation, argues that a number of small landlords who rely on property as their only or main source of income are being put at risk by “large, well-capitalised tenants who are refusing to meet their rental obligations”.

View more blog posts

SME's raise prices
Posted on 05 Mar 2025
SME's raise prices
read more
Firms rethink plans
Posted on 27 Feb 2025
Firms rethink plans
read more
Threat to business investment
Posted on 19 Feb 2025
Threat to business investment
read more
Tax system too complex
Posted on 12 Feb 2025
Tax system too complex
read more
Back To Top
01604 660661