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Financial Check

We are thinking of entering into a contract with a new company whereby we will receive a commission in exchange for giving them the rights to run our catering operation.However they are a new company formed from a management buy out and they have only been trading for 10 months.We are concerned that if things don't go well they may not be able to sustain losses in the first year
Eric Michael Macias

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26th Jul 2005 17:27

Limit credit
As with any gamble, don't bet more than you can afford to loose. Credit checks & bank refs are nice but if you think you may not get paid, walk away. Better to loose a sale than cash.

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