I do not want to get into an argument over this but I’m very concerned especially as I’m a guarantor for the loan from last year.
I fail to see why a conversation with Barclays means they can’t give a required figure Paul. Whenever I approach the Bank the first thing they ask is how much do you need, how long do you need it for and can we have 24 months prediction, 13 week cash flow and a list of creditors and debtors. Without this information they will give you nothing. These reports should be updated on a day to day basis and monthly management accounts given to the BoD.
This is why I cannot understand why the cash flow requirement is not available and as one of the guarantors for a loan I feel I am entitled to ask.
Edited by soss, 21 May 2013 - 07:19 PM.