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 Northbank Mariner |
| December 29, 2020, 11:41pm |
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Whiskey Drinker  Posts: 3,973
Posts Per Day: 1.75
Reputation: 60.08%
Rep Score: +9 / -9
Approval: +7,533
Gold Stars: 172
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I once sat in a creditors meeting in Leicester (not football related) where I was owed £35,000
The CEO of the business looked us all unashamedly in the face, saying very little other than sorry but it can’t be helped. I wasn’t the largest creditor far from it.
He then trotted off to East Mids Airport, flew out to Majorca, to sit on his luxury yacht
Please don’t tell me it’s not criminal. Well maybe not always, unless proven in court as being wrongful trading or directors culpable. But when you are sat there hurt by a business deliberately put into administration, especially a pre-pack administration, then you feel very definitely that a crime has been committed against you
The quoted line below is not mine, it's what didn't make it into your post...tad distasteful and aggressive don't you think?..now please, stop trying at every turn to somehow defend Alex May. The man is a serial conman, changed his name twice and has caused untold misery to hundreds of people, be it by financial deviant of through the mental pain of those old people who thought they could loose their properties.
"So feck off yourself Richard head
" |
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| forza ivano |
| December 29, 2020, 11:42pm |
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 Exile Posts: 14,761
Posts Per Day: 2.46
Reputation: 78.4%
Rep Score: +72 / -20
Approval: +15,285
Gold Stars: 266
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| Poojah |
| December 29, 2020, 11:45pm |
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Vodka Drinker  Posts: 7,305
Posts Per Day: 1.26
Reputation: 86.63%
Rep Score: +76 / -11
Approval: +29,877
Gold Stars: 1,523
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I once sat in a creditors meeting in Leicester (not football related) where I was owed £35,000
The CEO of the business looked us all unashamedly in the face, saying very little other than sorry but it can’t be helped. I wasn’t the largest creditor far from it.
He then trotted off to East Mids Airport, flew out to Majorca, to sit on his luxury yacht
Please don’t tell me it’s not criminal. Well maybe not always, unless proven in court as being wrongful trading or directors culpable. But when you are sat there hurt by a business deliberately put into administration, especially a pre-pack administration, then you feel very definitely that a crime has been committed against you
So feck off yourself Richard head
Rather naive to leave yourself open to such an exposure. I’d suggest monitoring client credit status more closely, imposing more robust payment terms or even investing in credit insurance. The latter isn’t cheap but from personal experience is saved me having to lay off tens of people this tumultuous year. Fail to prepare and all that. |
| A smooth sea never made a skillful mariner. |
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| promotion plaice |
| December 29, 2020, 11:45pm |
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 ModeratorPosts: 19,684
Posts Per Day: 3.85
Reputation: 64.79%
Rep Score: +20 / -13
Location: Cleethorpes
Approval: +17,082
Gold Stars: 201
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Just turned on...
Not holding back and speaking from recent research about new owners and current.
Missed it, anyone got a link? |
| When Leeds trainer Les Cocker was once told Norman Hunter had broken a leg, he asked: “Whose is it?” |
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| KingstonMariner |
| December 29, 2020, 11:46pm |
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Meths Drinker  Posts: 22,096
Posts Per Day: 6.04
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
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Phil’s moral compass must have a rotating magnet on it.
First he thinks it’s ok to defraud financial institutions, then he (rightly in my opinion) says it’s morally wrong to deliberately go into admin knowing that many businesses will not be paid what they’re owed, then he says it’s ok to pay late putting those same businesses under intolerable pressure.
Way to go pal. Someone better check everything has been handed over when he leaves the hallowed halls.
As another reprobate said once at Blundell Park, ‘it’s about the trust’.
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| Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same. |
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| KingstonMariner |
| December 29, 2020, 11:47pm |
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Meths Drinker Posts: 22,096
Posts Per Day: 6.04
Reputation: 79.33%
Rep Score: +42 / -11
Approval: +23,440
Gold Stars: 218
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Unless he has changed his job since he and I last spoke he has to be very careful about how much he says about tax issues and tax information
He can report what is happening if it’s in the public domain. |
| Through the door there came familiar laughter,
I saw your face and heard you call my name.
Oh my friend we're older but no wiser,
For in our hearts the dreams are still the same. |
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| TownSNAFU5 |
| December 29, 2020, 11:57pm |
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Vodka Drinker Posts: 5,988
Posts Per Day: 1.13
Reputation: 62.03%
Rep Score: +30 / -21
Location: York
Approval: +6,907
Gold Stars: 42
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Paying invoices to small businesses and sole-traders should always be a priority for a larger business. These small companies depend on income from invoices submitted as the money represents a greater share of their assets.
These companies are vulnerable. They do not have the time or money for taking legal action.
Large companies have the economies of scale to absorb the impact of late payments. They also generally include an element of late payments in their pricing structure. They can resort to legal action if essential to secure payment.
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| gtfc98 |
| December 30, 2020, 12:01am |
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Whiskey Drinker Posts: 4,371
Posts Per Day: 0.73
Reputation: 69.6%
Rep Score: +45 / -21
Location: The Wild West
Approval: +3,061
Gold Stars: 68
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Being late to pay is a bit different than not paying.
Cash flow management. Hard but sometimes necessary
it's only legitimate cash flow management if you've agreed it with your supplier. If they're threatening to sue then you haven't and as a result it's unethical. |
| No longer Sick of the BlueSquare  |
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| aldi_01 |
| December 30, 2020, 8:52am |
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Posts: 12,008
Posts Per Day: 2.02
Reputation: 73.73%
Rep Score: +54 / -20
Approval: +5,679
Gold Stars: 473
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Wow...that moral compass must be extremely confused and conflicting...some might say broken...
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| 'the poor and the needy are selfish and greedy'...well done Mozza |
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| CodAlmighty |
| December 30, 2020, 9:08am |
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Shandy Drinker  Posts: 58
Posts Per Day: 0.02
Reputation: 83.41%
Rep Score: +2 / 0
Approval: +89
Gold Stars: 18
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