RE: Sp5 Jul 2020 01:05
Instead of just accusing me of "deramping" which for the record is what anyone who cant back up their argument says as an excuse.
Explain what infrastructure they have?
On their website they have... BT Cloud, Vonage and Gamma Horizon advertised, None of which is their product... Infrastructure nope, reseller yes.
Broadband? Talktalk resold.... Infrastructure nope, reseller yes.
DMSL? BT reseller yes, Infrastructure Nope.
From 31st January 2020
Despite stringent credit checks and strong processes being in place, as customer numbers and orders increased exponentially, we also experienced a sharp increase in bad debt provision during the period. Although this is clearly unwelcome, it was not completely unexpected given the micro-SME market within which we operate. The Board has taken a prudent view and provided for around £424,000 of the current outstanding book of £850,000. Further details on the underlying assumptions for this provision are contained in Note 3 to the financial statements. Importantly we have taken proactive steps to arrest the rise in bad debts and to recuperate as much as possible from the outstanding amounts. This includes making changes to our billing platform to take daily payments and engaging an outside credit control and debt collection agency. We expect bad debt levels to normalise over the coming months.
At what point between Feb and now do you think thats improved? Given their market is Micro SME, all of which will have been closed during lockdown?
Dont call me a de ramper, just explain where your grounding is for "the business has the product and infrastructure"
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