We don’t aim to capitalise on the current Coronavirus crisis but we are seeing growth in enquiries from gym and leisure owners.
The reality is most of these businesses are renting or leasing properties and facing immediate financial pressures. But that’s only part of the story. If we are to take current advice on social distancing and science-based evidence on how coronavirus spreads you will understand that even if lock-down is lifted soon the nature of gym businesses could mean people being limited inside gyms going forward and constant challenges in running leisure facilities if the advice becomes a permanent feature. This could mean less members and pressure on cashflow at a time when FRI leases and any loan designed to cover costs currently will need repaid.
As independent debt advisors we realise that coronavirus is a unique event that was unforeseen when you set up your business. That said, loans and business help follow a familiar pattern and we have identified pressure points for gym and leisure industries that could leave the owners of these businesses under severe financial stress.
Personal finances will be under extreme pressure and SME owners, even those seeking self-employment and small limited company help need to understand the help and advice will change the longer this crisis goes on.
All business owners across the United Kingdom & Ireland now face the prospect of losing everything they worked hard for because of the Coronavirus pandemic. We understand this is a worrying and uncertain time for you, that’s why we’re here to alleviate your financial issues. Our expert team will provide you with the best advice on Coronavirus business debt help and guidance on how you can manage issues such as Cash Flow, HMRC Debts, FRI Leases and debt with trade creditors.
‘As we always say, know the worst and then achieve the best from there’
If you face this type of issue talk to us now and call today for a free consultation.
Alternatively, submit the request a callback form and one of our advisors will be in contact as soon as possible.