Successful Negotiation with Landlord

A successful company opened a second site which traded very unsuccessfully. The losses from the second site would result in the failure of the company so the Directors tried to close the second site. However the landlord was extremely unreasonable. He refused to accept voluntary surrender for anything less that payment of the remaining four years’ rent, plus notional dilapidations. I was instructed to prepare a short report to the landlord advising him of the company’s situation and that his continued recalcitrance would result in the company’s Administration within 9 months. In an Administration his claim would be restricted and he would receive a minimal dividend, if any. The Directors and I met with and corresponded with the landlord and were able to negotiate a settlement of one years’ rent. This enabled the company to close the loss-making site and continue trading profitably.

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We will work with you to explore your situation in detail and provide clear, jargon-free, honest advice. Rest assured, anything discussed with us remains confidential.

All initial consultations are free of charge and without obligation.

When you need help

Call Ruth on 01622 764 612
Call Ruth on 020 7253 7171

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Testimonials

"The most important thing about Ruth's approach is she is professional, not pompous. She is sympathetic to clients who have problems, listening and finding solutions..."

Mr M. Referring Accountant

"Ruth and her team helped me through a difficult time in a caring and supportive way. I know I can always go to Ruth for advice and guidance which will be given impartially and fairly for all parties concerned. This is very much an open, clear and professional relationship which I appreciate."

Mr B IVA

"I found Ruth and her team to be patient and approachable as they were always at the other end of the phone to answer any questions that we may have thereby providing us with comforting assurances as much as possible. They were also frank and candid in telling us where they did not have an answer."

Mr L Company Director

"I would like to re-iterate my thanks to Ruth and her staff for putting my finances back on track, so efficiently and effectively. As a now retired person, I hesitate to imagine my financial outlook had you not successfully orchestrated my IVA."

Mr S

RNFBA on Twitter

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- Thursday Apr 26 - 6:40am

#Investors warn top firms on lack of women in the boardroom https://t.co/Pdm65ZKdnp #FemaleLeaderhttps://t.co/bw09NvWUlH
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#UKeconomy steady, but "sluggish" https://t.co/ZfJZ4OU6st #economy #growth #GDP #inflation #BoE via @economiamag https://t.co/kqG4QHa6fH
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15 major retailers in #CVA or #administration in 12 months https://t.co/1rHdReK840 #retail #insolvency via… https://t.co/xKjFwqVEau
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Trouble in Paradise: House of Fraser mulls store closures https://t.co/uHYx5l20dB #restructuring #insolvency #CVA v… https://t.co/toxcs2jKhO
- Tuesday Apr 24 - 3:50pm