corevalue Posted October 20, 2008 Share Posted October 20, 2008 My place have really really tightened up on credit control, (there used to be 2 of them, now there are 4!) and I have been led to believe that they are under instructions to "sue for overdue invoices - even if it's only a day".Not the best customer service approach, but I guess desperate times call for desperate measures.... PS. Call me daft: "get your invoice in now or you won't get a sous" What is a sous?? 1/20th of the old French Franc. So, a small coin. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted October 20, 2008 Share Posted October 20, 2008 http://www.iht.com/articles/reuters/2008/1...ES-DISTRESS.php Big jump seen in number of UK companies in trouble Reuters Published: October 20, 2008 LONDON: The number of distressed British businesses was almost 500 percent higher in the third quarter than in the same period a year ago, corporate restructuring specialist Begbies Traynor will reveal on Monday, according to the Financial Times. In a sign of the effect of the global financial crisis on the wider economy, 4,566 companies are facing critical problems compared with 791 in the third quarter of 2007, it said. The 'critical problems' include County Court judgments totalling more than 5,000 pounds or actions related to business winding-up petitions. Begbies Traynor told the paper that while housing, construction and property continued to be hit worst, other sectors were emerging with problems. The hire and rental services sector saw a 643 percent increase in critical problems; information technology's were up 627 percent; and manufacturing's problems rose by 622 percent, it said. Quote Link to comment Share on other sites More sharing options...
Not Long Now Posted October 20, 2008 Share Posted October 20, 2008 1/20th of the old French Franc. So, a small coin. ahh, thanks. Makes sense.....and It's indicative of what I am experiencing in my job. Pennies are tight for corporates, there is no denying that... Quote Link to comment Share on other sites More sharing options...
0q0 Posted October 20, 2008 Author Share Posted October 20, 2008 ONLYME thanks for the story. Thanks folks, I'll check them out. Mucho apreciado as they say after a few vinos very mucho welcomo Better still avoid crisps. Fattening! Certainly avoid hydrogenated fats and the salt and MSG - go for those unsalted plain crisps from Smiths/Walkers in the white or light coloured bags and don't use the little blue salt bag. The less salt you take the more your taste buds will adjust and the less salt you'll need. If you must salt, use sea salt. Quote Link to comment Share on other sites More sharing options...
GregG Posted October 20, 2008 Share Posted October 20, 2008 Better still avoid crisps. Fattening! That fat might come in handy when this country is on its knees. Quote Link to comment Share on other sites More sharing options...
renterbob Posted October 20, 2008 Share Posted October 20, 2008 Went shopping yesterday.Tescos was very very busy. Clothes stores, sports stores, WH Smith, Boots and several car dealers were totally empty. WHAT! And you didn't make a thread entitled 'WH Smiths, Boots, car dealers going to the wall' Shame on your sir. Quote Link to comment Share on other sites More sharing options...
wonderpup Posted October 20, 2008 Share Posted October 20, 2008 This is the problem - loan after loan - generally younger entrepreneurs at the small biz end of things seem to have been brainwashed that their biz is not moving forward unless it is always expanding or 'improving' and borrowing to do so. That culture has to end. When I started my business about eighteen months ago I was invited in for a meeting with the bank. All went well untill they asked if I needed a loan to start up- when I told them I didn't, having just sold a property, it was as if I'd farted- suddenly nobody wanted to know me, and they couldn't get me out of the place quick enough. Quote Link to comment Share on other sites More sharing options...
Sheer Heart Attack Posted October 20, 2008 Share Posted October 20, 2008 After a very brisk August and September, October is flatlining - sales of our new service down 50% per week compared with this time last month. What the hell is going on? Could we have seen the psyche of the business and consumer finally break after the bail-out after it was heavily bruised by the Crock? It feels like everything is beginning to unwind properly. Quote Link to comment Share on other sites More sharing options...
Sinking Feeling Posted October 20, 2008 Share Posted October 20, 2008 Thank God for Gordon Brown's prudence, we must have pleny of money stashed away by now to see us through any recession. Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted October 20, 2008 Share Posted October 20, 2008 What you were trying to buy food, a new outfit, new golf clubs, some magazines, medicine and a car on the same day? I was thinking bank job Quote Link to comment Share on other sites More sharing options...
leftiebeard Posted October 20, 2008 Share Posted October 20, 2008 My shopping observation this weekend was the dearth of customers in local Farm Shop. Shame as produce is good, but is probably heading the same way as local herd - with local Morrisons cleaning up. Quote Link to comment Share on other sites More sharing options...
johnygee Posted October 20, 2008 Share Posted October 20, 2008 Is there anywhere online where you can go and research bankruptcies/companies going into administration by area/sector/date?It might be a useful handle on the local economy. london gazette i think its called Edit: added not Google Quote Link to comment Share on other sites More sharing options...
TheUnknown Posted October 20, 2008 Share Posted October 20, 2008 Is there anywhere online where you can go and research bankruptcies/companies going into administration by area/sector/date?It might be a useful handle on the local economy. This is the best link I know of http://www.justice.gov.uk/docs/insolvency-...tin-q2-2008.pdf Quote Link to comment Share on other sites More sharing options...
tinker Posted October 20, 2008 Share Posted October 20, 2008 This is the best link I know ofhttp://www.justice.gov.uk/docs/insolvency-...tin-q2-2008.pdf As they say in these parts, ta very much. Still looking for a searchable local record of busted companies. Quote Link to comment Share on other sites More sharing options...
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