Credit Cruch victims

**AlfredJPruffock** · 28 July 2008, 17:22

Nihil Desperandum

You ought to know that not all trades are experiencing trading problems.

Whist walking in Rutherglen, a delighful hamlet in Glasgow the other day , I met a certain Femme de Joie,; whom when asked if business was good replied -

' If ah had anither pair o'legs I wid open up in Edin'bra.'

So it goes.

**NickFitz** · 28 July 2008, 17:30

It's hard to see that any of these are anything to do with a "credit crunch"

The first one appears to have over-invested in expansion plans - it still has a healthy turnover. Companies run into problems with over-expansion all the time. There's no mention in the story of credit problems.

The second one is due to rising fuel prices. That may possibly influence a credit crunch, but is not caused by it, at least in the present case. Anyway, they're still making a profit.

The third one sounds suspiciously like a victim of its own success, unable to cope with the number of orders it has received. Certainly, there's nothing in the story referring to credit problems.

The fourth one is moving production elsewhere to save costs. The factory that's closing isn't even due to close until late next year. They're operating at a loss, but there's no suggestion of the "credit crunch" being involved - it sounds like the usual rationalisation of production that a loss-making operation would undertake.

Let us know when you have some stories that are actually to do with the "credit crunch", won't you

**oracleslave** · 28 July 2008, 17:34

Originally posted by NickFitz View Post

Let us know when you have some stories that are actually to do with the "credit crunch", won't you

WHS. Best stick to the Daily Mail for the crunch stories Dim.

**Alf W** · 28 July 2008, 17:57

--------------------------------------------------------------------------------

http://news.bbc.co.uk/1/hi/scotland/...st/7528927.stm

The Beanscene chain of coffee shops has gone into administration, the company has confirmed.

The firm, which has its headquarters in Glasgow, employs 142 staff in 14 shops across Scotland.

What do you expect if you open a chain of shops selling drinks in Scotland that have got no alchoholic content?

**Cliphead** · 28 July 2008, 18:09

Originally posted by Alf W View Post

--------------------------------------------------------------------------------

What do you expect if you open a chain of shops selling drinks in Scotland that have got no alchoholic content?

We all thought that too

**DimPrawn** · 28 July 2008, 18:26

Originally posted by oracleslave View Post

WHS. Best stick to the Daily Mail for the crunch stories Dim.

Yeah, you are right. There is no recession coming and people are not cutting back on their spending and businesses are not running out of cash and jobs will not be lost, it's all in the mind of the Daily Mail.

Carry on folks.

**oracleslave** · 28 July 2008, 20:10

Originally posted by DimPrawn View Post

Yeah, you are right. There is no recession coming and people are not cutting back on their spending and businesses are not running out of cash and jobs will not be lost, it's all in the mind of the Daily Mail.

Carry on folks.

I'm glad we got that straight

**sasguru** · 29 July 2008, 07:29

Originally posted by oracleslave View Post

WHS. Best stick to the Daily Mail for the crunch stories Dim.

Torygraph

**expat** · 29 July 2008, 08:41

Seeing both sides

PA

BP announced half-year profits of 13.44 billion US dollars (£6.75 billion)

In refining and marketing, earnings for the three months to June 30 were down to 539 million US dollars (£271m) from 2.74 billion a year earlier. It said higher energy costs continued to impact margins in the division.

Credit Cruch victims