It has been reported that many small, independent retailers are likely to fail once Government support is withdrawn.

It seems that they are sitting on top of a 31.7bn mountain of debt.

Small retailers have been relying on Government support to see them through the pandemic, however now that re-payments are kicking in, it is likely that many will fail.

Our advice to business owners who may be facing financial difficulties is to seek professional advice as soon as you think there may be a problem.