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Old 20th Jul 2010, 14:23
  #42 (permalink)  
VOM1T
 
Join Date: Nov 2003
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why now ?

Further to my earlier post, an accountant friend has just pointed out to me that if a company has an overdraft, then the best time to pull the plug is when cash flow is at its highest, thereby reducing borrowings to a minimum and effectively using the most number of payments for future holidays to offset previous losses and debts to banks.. seems immoral .. but I'm a driver not a numbers jockey.. any thoughts from more qualified ppruners ?
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