Quarter day Rent – Retail Rent Due
These are the 4 days in the year when certain payments are due eg rent for the next quarter paid in advance known as quarter day rent. Landlords put further pressure on businesses already dealing with slow sales while shoppers are saving. Large retailers, such as Asda, Tesco, Morrison and Sainsburys are doing what they can fighting back with a price war to win the shoppers business.
The English quarter days (also observed in Wales and the Channel Islands) are:
Lady Day (25 March) Midsummer Day (24 June) Michaelmas (29 September) Christmas (25 December)
Business Cash Advance
While money is tight some retailers with at least one year of trading can take advantage of a business cash advance, a facility available to retailers who take credit and debit cards payments through a PDQ terminal, pay back is taken from the sales over the next 6 months at varying amounts to suit cash flow. This service is offered by Ashley Business Cash