After working late into the night I'm pleased to say that the Finance Committee and I have come up with a solution to our debt situation. It's a tough deal, but it's one we can all sign up to. Thankfully in the end it was I who won at "who can hold their hand over a candle the longest".
Beaker People may know that Beaker Trading Post Ltd has hit the "debt ceiling" of £130,000. Turns out we've been spending too much on essential oils and management fees, while our doilies are facing strong competition from Asian doilies. After our agreement, we are going to solve the problem in two ways.
1. We're going to raise the debt ceiling to £150,000.
2. We're going to take some really strong action this time to cut costs.
If anyone's wondering if, this time, we're really going to start cutting costs, I can refer you to the many other times we've said we're really going to cut costs. And to the fact that the Beaker Debt is £130,000.
Beaker People may know that Beaker Trading Post Ltd has hit the "debt ceiling" of £130,000. Turns out we've been spending too much on essential oils and management fees, while our doilies are facing strong competition from Asian doilies. After our agreement, we are going to solve the problem in two ways.
1. We're going to raise the debt ceiling to £150,000.
2. We're going to take some really strong action this time to cut costs.
If anyone's wondering if, this time, we're really going to start cutting costs, I can refer you to the many other times we've said we're really going to cut costs. And to the fact that the Beaker Debt is £130,000.
More to spend on Axminster carpets?
ReplyDeleteWell of course, CB. The old one's covered in pin-hole burns...
ReplyDeleteStop funding committees to investigate your debt, that'll save a few quid...
ReplyDeleteSteve, you may be right. But the personal expenses are coming in very handy.
ReplyDelete