The UK’s property sector is booming, but as wages stagnate and businesses falter due to rising costs and inflation more and more tenants are finding themselves in financial difficulty, often leaving property agents with substantial amounts of outstanding rent and potentially empty property.
Rent arrears and tenant debts are a common issue faced by property agents and while it may seem there is little that can be done, sometimes offering a helping hand is all that is needed.
At Gibson Hewitt we can help advise your tenants on their debt issues and provide them with the support they require to get them back on the right path.
By working with us we can help your tenants re-energise their business ensuring that you as an agent continue to receive a consistent income stream from them.
We can assist tenants with a wide range of services including:
- Debt management
- Lender and creditor negotiations
- Cash flow forecasts
- Cash flow management
- In-depth business review
- Diagnostic modelling
- Business restructuring
- Turnaround implementation
- Accelerated mergers and acquisitions
- Contingency and insolvency planning
- Optimised exit services
Our focus is very much on helping businesses recover, however should a tenant find themselves in need of insolvency advice our experienced team of practitioners can provide sensitive and practical advice to ensure that their affairs are handled sensitively and with the needs of creditors in mind.
If your tenants business is showing signs of stress and you are concerned about the impact it may have on you as their property agent, please contact us.