Early or Late Retirement?

Mike

Over the years we must have had at least half a dozen go bankrupt on us. Anybody can get into financial trouble, we sailed a bit close a few times ourselves, but some just take the..... micky. We even had one company placing orders with us knowing that by the time we did the work they would be unable to pay because by then they would have filed for voluntary insolvency. We had another company who went limited to protect themselves before they went bump. We complained at the insolvency meeting that they hadn't told anybody they were changing to a limited company as it might have made a difference to the amount of credit we allowed them, We were told that we should have noted that our last payment cheque from them was from M******s Co Ltd. Who the hell looks at the name on cheques all you do is look to see if the amount is right.

Phil