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Bankruptcy sales?


Blaize110

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Stage Electrics have done very well in the past with sales of their ex-hire gear, smaller lots and Saturday sales attract the `bargain hunters` some of whom don`t even seem to be aware of list price ;-)
I was about to mention Stage LX. they also have started an Ebay shop for some 2nd hand/ex-display/new items.

 

I've had a fair few real bargains from them - it's just a case of catching them with what you want and bidding at the right price (for you!)

 

What is there Ebay name please?

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Still cant get my head around why this is allowed as it seems to be a very good way for companies to purchase loads of new hire stock and then not pay fully for it before starting a new company with no debts but all the benefits of the advertising / phone lines / stock etc paid for the previous company.

 

If this is done deliberately, it's known as a 'long firm' fraud, and is obviously a criminal offence. The way to prevent it is for suppliers to be diligent in giving credit only to customers who merit it - those who are too greedy for business are most at risk. In these recessionary times, if a purchaser can't afford to pay cash, questions need to be asked, as poor cash flow - rather than size of turnover - is the most common cause of business failure.

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