The fall out from this high street failure is not only the immediate loss incurred by anyone of the creditors but the loss of future sales by those suppliers.
While many may be Credit Insured and looking to claim up to 90% of the debt back, there are those who are not insured and their cash flow may take a serious battering. The loss of future sales will also cause problems for many as they loose a major customer. Where and how do they get that revenue from following this company failure.
The “Domino” effect will hit not only suppliers but also suppliers to those suppliers.
Very soon, details will be available on “Retention of Title”. Anyone who is affected and is not credit insured can email me for information on ROT and how best to try and recover your losses.