Quote ="batleyrhino"
One thing that sticks in my craw a little over all this is the small businesses who supply the Bulls and will be put under immense pressure when they inevitably go into admin. Pence in the pound is bad news for small businesses and the wider community. The Bulls couldn't care less about them otherwise they would have sold Bateman and Whitehead to Warrington for reasonable money when they had the chance and cleared a significant portion of their debts.'"
Its a risk you take in business when you give credit to other businesses, everyone understands those risks and everyone knows how the game is played - I was "done" by lots of companies in the many years that I ran a business but I'm quite proud of the fact that when my business folded all of my suppliers had already been paid and there was only one creditor left to pick the bones - I'll leave you to guess who that was with the comment "fook 'em like they fooked me over plenty of times".
There's insurance you can take out to mitigate the risks if you trust the people who underwrite the business, I never did and it cost too much anyway unless you're talking of a large monthly turnover, but the only thing that protects you against a business going bust owing you thousands is yourself and how effective your credit control is, if you let it slip or give them a bit longer one month, then that is the time they'll do you.
