Post by alison on Nov 13, 2013 15:54:23 GMT
I wonder if I am a soft touch but I am quite taken in by this one.
A small company which specialises in the installation, cleaning and maintenance of refrigerated display cabinets in supermarkets nationwide.
Clients include some of the UK's biggest supermarket brands.
A major client has just gone into admin owing them over £150k but they are determined to try to work through their working capital shortfall without suffering job losses or worse still going under themselves. They are reducing overheads and staff are taking pay cuts to try to help them through.
They have put together a video to talk about the company and the problem they have which I think is a good idea.
I don't know if you can see the auction on the www.rebuildingsociety.com/ site without registering?
They accept that they are trading whilst insolvent but are confident they can trade their way through it.
A big concern is that they want to borrow £150k over 2 years.
It's looking like it will coat them a 20% rate if it ever gets close to being filled (7% filled with 8 days to go).
Everything says to me to stay clear but the video seems like a genuine outfit rather than some of the "stinkers" we have had on FC.
So I'm torn!!
Anyone else looked at it yet?
A small company which specialises in the installation, cleaning and maintenance of refrigerated display cabinets in supermarkets nationwide.
Clients include some of the UK's biggest supermarket brands.
A major client has just gone into admin owing them over £150k but they are determined to try to work through their working capital shortfall without suffering job losses or worse still going under themselves. They are reducing overheads and staff are taking pay cuts to try to help them through.
They have put together a video to talk about the company and the problem they have which I think is a good idea.
I don't know if you can see the auction on the www.rebuildingsociety.com/ site without registering?
They accept that they are trading whilst insolvent but are confident they can trade their way through it.
A big concern is that they want to borrow £150k over 2 years.
It's looking like it will coat them a 20% rate if it ever gets close to being filled (7% filled with 8 days to go).
Everything says to me to stay clear but the video seems like a genuine outfit rather than some of the "stinkers" we have had on FC.
So I'm torn!!
Anyone else looked at it yet?
