GOVERNMENT EXTENDS BAN ON COMMERCIAL EVICTIONS!

A commercial lease moratorium was extended by another 9 months yesterday meaning landlords can not evict tenants out of their premises until at least March 2022.

A report suggests that almost £6 billion worth of unpaid rent has built up over the last 15 months. There have been widespread fears that an avalanche of evictions and insolvencies would happen on the lifting of this moratorium. Businesses can now let out a sigh of relief and hope that they can get themselves back on their feet financially.

It’s worth noting that if you can afford to pay full rent or at least start chipping away at the arrears that would be a good idea. The rent is still going to need to be paid at some point.

If you require any further advice please don’t hesitate to contact us.

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I'm Chris Worden, Managing Director at 1st Business Rescue. With over 7 years of experience, I help UK directors navigate the complex world of UK corporate insolvency. We offer free and independent advice to UK directors and advise them about what options may be available to them if their limited company starts to struggle. I am passionate about helping other directors overcome their business challenges and get back on their feet, as I was once in the same position as them. I had a business that became insolvent, and the advice out there was confusing and overwhelming. I am here to provide honest and valuable advice to UK directors.  I am proud to say that we are one of the only 5-star corporate insolvency companies on Trustpilot with hundreds of 5-star reviews, and we publish videos weekly on our YouTube channel. Our channel is designed to educate UK directors about insolvency and debt advice. Check it out here:

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