Restructuring the UK Retail Industry

Quarter day on September 29th 2011 has now come and gone, and the ramifications of companies' being able, or not, to pay their rent quarterly in advance will have begun to filter through by the time this article is published.

What has been outstanding over the last 12 to 24 months is the resilience and ability of companies to defy economic gravity and avoid entering into formal insolvency proceedings. My belief is that the two major reasons for this are interest rates being so low and a determined reluctance on the part of banks to appoint administrators. How long one or both of these factors remains constant is something which remains to be seen