We turn around 200k ex vat a year gross around 86k
I owe around 120k to banks and 30 odd to suppliers.
we actually had too small an od in the first place, always owing suppliers never being able to sit on stock and try to build up a good selection in store.
Yes meeting them and a pip next week for advice. Will consider all options before doing anything drasticDid you seek any professional advice or go to MABS Michael?
I owe around 120k to banks and 30 odd to suppliers.
we aren't holding a lot of stock(
So in terms of wind down, would u advise that I seek a dsa or what do you think?
If I get a job and don't have enough to pay something above the rle I'm looking at bankruptcy and I can't risk the family home,
in 2012 no bank would even consider giving me capital. Is this a blame assignable offence? Dunno what the option would be if the bank refuses you adequate capital to start the business? Do you just say feck it I won't bother?
if the banks aren't lending and won't advance what anyone would consider reasonable capital to start trading, what is one to do?
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