Pulling in the purse strings

[Cider]

Check your emails, segen droped their credit limit.

Meanwhile stock available from some suppliers is on the increase, over a grand for an inverter thats normally £800?

Order ive got on with one supplier have removed the panels from my order! Good job i checked.

Its not even monday!!!!!!

 

[Mr Mark Sparks]

i know a chap who had a quote from denmans for a system that went up 1000 pounds in a day

some quote

 

[moggy1968]

yep, Segen halved my credit limit today without notice. Thats really put a spanner in the works of my carefully predicted cashflow, as if things weren't hard enough already at the moment.
here's my response:
I think at a time installers are struggling with cash flow to complete their installations in the required time frame this is a disgrace, especially coming with no warning and no notice.
I think you should be looking after your existing customers rather than courting new ones because it is those existing customers you will be relying on when all this shakes out.

Loyalty from you means loyalty from your customers

 

[FIT-PV]

I can see both points of view here... Looking from their point of you, a lot of companies may close down in December... what happens to those that owe money? Segen would take a hard hit. I am surprised they are offering credit at all? Most companies are now doing upfront sales.

 

[moggy1968]

It's because they have run out of credit with their suppliers. And because they are offering credit to new companies rather than cash up front, hence why I suggested their established customers ought to be looked after rather than currying favour with new ones who won't bother with them aagain after this is all over.

companies won't start going under for a couple of months, by which time their accounts should be paid up.

Anyone going under in Dec after the amount of sales most have done in Novemeber has a serious case of muppetry

 

[SRE]

Aren't Segen one of the few wholesalers still offering credit? Everyone else has been on full upfront payment or at least 50% for the last 10 days. Altenergy use my cash upfront to sub someone else's sales - at least they didn't give me my dosh back when they delivered bashed panels for over 10 days even though they'd had the panels back the next day.

If you were a wholesale would you risk it - I certainly wouldn't. I think we've done well to get this far.

I do feel for the guys who haven't had their mcs for long enough to build a bit of cash but we struggled for the first few months with very few sales and that was almost as bad as the situation we're in now.