Case study - Maya Lim

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  • Created by: Bethany
  • Created on: 24-02-13 11:01
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  • Case study - Maya Lim
    • Financial  problems
      • Overdrawn £7,854
        • Overdraft limit of £8,000 agreed with bank
      • Overdue trade credit £10,450
      • Christmas sales low
      • Net profit only £4,672
    • Contingency planning
      • What is it?
      • No plan b
      • Would it have really helped?
    • Aftermath
      • All stock damaged - unsalable
      • Some business records completely destroyed
      • Insurance payout take months to come
        • Would only cover fixtures, fittings and stock
      • Would have to find new premises
      • Need new stock - no cash to buy it
      • No insurance for loss of earnings
      • No increase on bank overdraft
      • No suppliers to offer trade credit

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