Retail Business Recovery Services
Clear and Practical Help for Struggling Retailers
At Campbell Crossly & Davis, we understand how difficult the current climate is for businesses in the retail sector. Whether you run a small shop or manage a national chain of high street stores, many retailers are facing serious financial problems caused by rising costs, falling footfall and changes in how people shop.
If your business is under pressure, getting advice early can make all the difference. Our licensed insolvency practitioners offer expert retail recovery services to help you stabilise your business, deal with debt and explore all your options for business recovery.
Why So Many Retail Businesses Are Struggling
The retail sector has changed a lot in recent years. Online shopping continues to grow, and many customers now expect faster service, more choice and lower prices. This puts traditional high street stores at a disadvantage, especially when they face high rents, rising wages, and increased running costs.
On top of that, retailers are dealing with supply chain issues, business rates, and changing working habits that have reduced town centre footfall. These problems make it harder for retail businesses to survive, especially those already under financial pressure.
Signs That Your Retail Business May Be in Trouble
Some business owners wait too long to ask for help, hoping things will improve. But acting quickly when you spot problems often leads to better outcomes.
Common signs of financial trouble in retail businesses include:
- Late payments to suppliers
- Problems with landlords over rent or leases
- Taking on extra borrowing to stay afloat
- Drop in sales or profits
- Trouble keeping good staff
- Missed tax payments or growing HMRC debts
If you notice one or more of these issues, it’s time to speak to a licensed insolvency practitioner. The earlier you act, the more options you may have.
How We Help Retailers Recover
At Campbell Crossly & Davis, we don’t use one-size-fits-all solutions. Every business is different. That’s why we create tailored recovery plans based on your situation, your goals, and what’s best for your business.
Operational Restructuring
Many retailers operate across several stores, departments or product ranges. If some areas are losing money, we’ll help you review performance and make informed decisions. This may include closing poor-performing shops, reducing costs or making your supply chain more efficient. For some businesses, going online or reducing the size of physical stores can help lower expenses and protect profits.
Financial Restructuring
Cash flow issues are often the biggest concern for retail businesses. We look at ways to improve your position by talking to lenders, finding alternative finance or renegotiating debts.
If your debts are serious or your creditors are demanding payment, we may look at formal procedures like administration or a company voluntary arrangement (CVA). We’ll explain each option clearly and guide you through every step.
Understanding Company Voluntary Arrangements (CVAs)
A company voluntary arrangement (CVA) is a legal agreement that lets a business pay back its debts over time. It’s often used in the retail sector when a business is under pressure but still has a chance to survive.
A CVA is overseen by a licensed insolvency practitioner. It allows the business to keep trading while making regular payments to creditors based on what it can afford. In return, creditors may agree to reduce what is owed or to wait longer for full repayment.
At Campbell Crossly & Davis, we help retail businesses prepare strong CVA proposals that offer fair terms and a realistic plan for recovery. For a CVA to go ahead, at least 75% (by value) of voting creditors must agree to it, so building trust and showing a clear path forward is essential.
When Administration or Liquidation May Be Needed
Sometimes, a retail business may be at risk of legal action from creditors or unable to keep up with lease costs. In these cases, administration may help. This process gives the business legal protection from creditors while we review recovery options, including selling the business or parts of it.
If the business can’t be saved, liquidation may be the only choice. This involves closing the company and selling its assets to pay creditors. While liquidation is a last resort, we handle it with care and professionalism to protect directors, staff and suppliers as much as possible.
Supporting All Types of Retailers
We work with all types of businesses in the retail sector, from local high street stores to larger national retailers. No matter your size, location or customer base, our team is here to help you find the best path forward.
We’ve supported independent shops looking to simplify their operations, as well as multi-branch businesses dealing with complex financial challenges. Our approach is always personal, confidential and focused on achieving the best outcome for you and your business.
Don’t Wait to Get Help
Many business owners think they need to be on the verge of collapse before asking for help. The truth is, the earlier you speak to a licensed insolvency practitioner, the more control you have over the outcome. In many cases, businesses can recover without entering insolvency if the right steps are taken quickly.
At Campbell Crossly & Davis, we offer free initial consultations. We’ll listen to your concerns, explain your options clearly, and help you take practical steps towards business recovery.
Speak to a Retail Recovery Specialist
If your retail business is under strain, you don’t have to face it alone. At Campbell Crossly & Davis, we’ve helped hundreds of businesses in the retail sector recover, restructure or exit safely.
If you’re operating in the retail sector and have been forced to close your premises, help is at hand if you’re struggling to pay your creditors. Campbell Crossley & Davis offer a wide range of Business Recovery & Insolvency Solutions. Please contact us today on 01253 349331 to arrange your free and safe virtual consultation.