Late payments continue to challenge small and medium-sized enterprises (SMEs) across the UK, as outlined in the 2023 Prompt Payment and Cashflow Review. The report reveals that 62% of small businesses experience delayed payments on a regular basis, severely...
Commercial property owners have become increasingly at risk of having squatters occupy their premises. There are two main factors that have led to an increase in squatters most recently. Unfortunately, during the recession many landlords found that their properties became vacant as businesses struggled. Combined with the fact that in September 2012 it became a criminal offence to squat in a residential property.
The legislation does not apply to commercial property, open land or previous tenants. It is estimated that approximately 15% of commercial properties are empty and a high proportion of these are in London due to the density of offices, shops and pubs in this area. We can assist landlords in relation to squatters regardless of where the premises are located in the country. We have been appointed by commercial property landlords with these issues throughout the Boroughs of London as well as nationwide.