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CoL left with £450,000 Halliwells bad debt

So the management of CoL let a debt of nearly £450,000 build up without taking any action, and as a result of their dopiness it's now to be written off. "Savage said that he “had no inkling” of the financial difficulties Halliwells was going through, “except that our debts hadn’t been paid”." Well Mr Savage, when a company doesn't pay its debts that is often an indicator that it's in financial difficulties. By a remarkable coincidence the loss is only slightly more than the astonishing £440,000 that Nigel Savage is getting paid for running this outfit, which is, believe it or not, a registered charity! Charity certainly begins at home for some - why bother with the stress of partnership with jobs like this up for grabs.

21-Sep-2010

0:54 am