And what an act it was, company worth £80k with £13k in the bank.
Not making as much as he was pretending to.
Those figures, from Companies House, are at best 11 months old and, at worst, 23 months out of date.
I think it was stated enough times in the programme that the owner was looking for the 'big deal' to make him rich. He thought it might be the one where he bought stock worth about a quarter of a million pounds.
To be honest, Company House figures for companies only supplying abbreviated accounts are pretty meaningless. You don't get to see the P&L, turnover etc.
The man is cashing in on people's misfortune.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
Those figures, from Companies House, are at best 11 months old and, at worst, 23 months out of date.
I think it was stated enough times in the programme that the owner was looking for the 'big deal' to make him rich. He thought it might be the one where he bought stock worth about a quarter of a million pounds.
To be honest, Company House figures for companies only supplying abbreviated accounts are pretty meaningless. You don't get to see the P&L, turnover etc.
Yes, I agree. However, if his balance sheet total is only £80k, of which £13k is cash (rest is probably stock), he's clearly not in the league where he can make a stock purchase of £0.25m, is he?
The man is cashing in on people's misfortune.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
The man is cashing in on people's misfortune.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
Am I allowed to call him a total knob or does that break some sort of DS rule?
The subject of this particular documentary was such a complete slug that I imagine a large proportion of the potential audience also reached for the remote and turned to another channel.
The man is cashing in on people's misfortune.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
Bit of a Vulture I thought - but you may have missed the Women who wanted to sale her cosmetics I think, she got £950 through haggling, when the guy left, she admitted she was hoping for £800...:D
The man is cashing in on people's misfortune.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
These are people in business who have to make a forced sale of all their stock. They know (or should know) they're not going to get much for it, and 20% might be a good offer. If they're not happy with an offer, they're free to turn it down.
And while I sympathise with them, it's not usually misfortune (i.e. bad luck) which caused their problems, it's bad decisions and/or a lack of planning.
If you want to feel sorry for anyone, it should be the suppliers they owe money to.
Comments
They always say where there's muck there's brass..
And what an act it was, company worth £80k with £13k in the bank.
Not making as much as he was pretending to.
Obviously handing over a sizeable wad of money wasn't done for the cameras.
Those figures, from Companies House, are at best 11 months old and, at worst, 23 months out of date.
I think it was stated enough times in the programme that the owner was looking for the 'big deal' to make him rich. He thought it might be the one where he bought stock worth about a quarter of a million pounds.
To be honest, Company House figures for companies only supplying abbreviated accounts are pretty meaningless. You don't get to see the P&L, turnover etc.
Bit nasty ..Offering a fraction of what the goods were worth
He knew the people in trouble we're desperate.
Watched about half of it,couldn't stomached any more.
Yes, I agree. However, if his balance sheet total is only £80k, of which £13k is cash (rest is probably stock), he's clearly not in the league where he can make a stock purchase of £0.25m, is he?
yeah,. he was a peuch.
He came across as an odious ****
I only managed 10 mins and that was enough!
The subject of this particular documentary was such a complete slug that I imagine a large proportion of the potential audience also reached for the remote and turned to another channel.
I did like his car though.
These are people in business who have to make a forced sale of all their stock. They know (or should know) they're not going to get much for it, and 20% might be a good offer. If they're not happy with an offer, they're free to turn it down.
And while I sympathise with them, it's not usually misfortune (i.e. bad luck) which caused their problems, it's bad decisions and/or a lack of planning.
If you want to feel sorry for anyone, it should be the suppliers they owe money to.