The one that got away
Every few months Mr. Black, Mr. Red and Mr. Cool and I manage to get out for the night for a bite to eat and a few drinks. We meet in Northampton as it is local to all of us and a place that hold many fond memories of monthly board meetings and other company events.
It was either one or two years ago that Mr. Black was on the verge of signing a £5m plus leasing deal with over £160,000 profit in it. All the banks had accepted the credit, the deal was ready to be done. Mentally, Mr. Black was thinking about where the money was to be spent.
It wasn’t even the 11th hour when the deal fell out of bed, a bit more like the last minute. Mr. Black was devastated, the competition had nipped in under the cover of darkness and stole the deal from under his feet.
Over a drink tonight, we were informed about this customer who was looking – and received – the £5m for their renovation work to their offices, had just gone into receivership. One bank alone had gone down £3m on the transaction. Luckily for Mr. Black that he did lose the deal.
Place your comment