Fri, 24 May 2013
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Freeth Cartwright remains optimistic about debt levels
A to push the figures up with premature billing or
B poor billing practice
If it is A, they will almost inevitably accelerate the payment of tax , and dependant on their average payment days, increase their VAT liability
If it is B, no wonder they need the level of over draft facilities referred to in the Article
Either way it does not speak well of the quality of management of the firm as cannot see any other sensible explanation
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