steve-bbb Posted January 4, 2014 Share Posted January 4, 2014 [quote name='deepbass5' timestamp='1388782191' post='2326104'] Let you know at Easter [/quote] Lol Quote Link to comment Share on other sites More sharing options...
JTUK Posted January 4, 2014 Share Posted January 4, 2014 Must say, IF we would agree to such a thing, there would be quite a decent premium factored in.. Quote Link to comment Share on other sites More sharing options...
deepbass5 Posted January 24, 2014 Author Share Posted January 24, 2014 Update - 3 weeks and in the Bank phew.... New management chain, shows it can be done. Quote Link to comment Share on other sites More sharing options...
BassTractor Posted January 24, 2014 Share Posted January 24, 2014 Great! Congrats. The original deal was nothing short of absurd. In My Humblest of Opinions of course. Bu' we'll need pictures of all the gear you're gonna buy with that money! Quote Link to comment Share on other sites More sharing options...
geoham Posted January 24, 2014 Share Posted January 24, 2014 [quote name='steve-bbb' timestamp='1388398121' post='2321437'] 90 days is ridiculous , how many b2b contracts are there working on 90 day terms? 14/28 is more the norm and anything over one month usually by agreement [/quote] I work in B2B accounts, there are many 90 days contracts, and in some customers in Italy have 120 day terms! Apparently standard business practice... Don't get me wrong, this is a very large company doing business with other large companies. - certainly no way to treat a small business like a band. Quote Link to comment Share on other sites More sharing options...
steve-bbb Posted January 25, 2014 Share Posted January 25, 2014 (edited) i would suggest that those who can survive on 120 day options are significant in size that cashflow is not a problem to them - one large business to another large business working on 120 day terms might be fine but what i was alluding to in my previous post is large business who dictate unreasonably long terms to small business who really on frequency of cashflow to remain solvent - many small businesses are forced into the option of put up with the contract on long terms or lose the contract when the large business takes their custom elsewhere after the small business dares to complain about length of terms. late payments etc etc - can you guess i am in a small business Edited January 25, 2014 by steve-bbb Quote Link to comment Share on other sites More sharing options...
deepbass5 Posted January 25, 2014 Author Share Posted January 25, 2014 Agree Steve. I think the Government could introduce legislation e.g. to ensure invoices to non-VAT registered businesses are paid within 4 weeks. Should be easy, and maybe all non PLC registered companies within 8 weeks. There must be some way of keeping the economy moving. Quote Link to comment Share on other sites More sharing options...
chriswareham Posted January 27, 2014 Share Posted January 27, 2014 In the building industry it's typical for the big building firms to stave off paying the small subcontractors until they go bust. Questions have been asked in parliament about this, but since the building firms give so much money in donations to the political parties bugger all has been done, That's why I didn't follow in the family tradition and go into the building trade, as my parents were determined I wouldn't have to put up with the late payment shenanigans. And that's before you even consider the Kafka-esque rigmarole of retention payments ... Quote Link to comment Share on other sites More sharing options...
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