Twisted Vision Ltd was born in July 2004 and like any new baby it takes nurturing and loving care and attention to allow the baby to grow. Without any exaggeration, it has been the longest, hardest 3 years I have ever known.
We have had 2 different bank accounts, a huge bank loan and overdraft, 2 different units, 6 directors (4 are still current), numerous bad staff, and customers, and many, many, many working hours and late nights. But we are still here, when so many new companies do not make it through their 1st year. And, we are just starting to make some kind of profit.
So it was with some shock that we received a call on Friday from our, now ex, bank. They are withdrawing their support as we are not paying enough into our account! Considering we have paid more into our account in the last three months than at any time previous, we were a little surprised. When we asked how they expected us to now purchase materials to continue making a profit, in order to repay the huge bank loan and overdraft, the response was "well you can't". Well, I cannot think of any answer to that. Unfortunately the only way we could get the loan was to sign a personal guarantee, so if we close the company, we still have to pay, but there is nothing stopping us from going personally bankrupt if that happens. Drastic, yes; do-able, yes; but not an action I would like to take.
So Monday morning sees us trying to find a new bank account. We have contracts in place and more work booked in than at any time before, so here's to hoping someone else sees the potential in our little infant company.
Please pray for us as we try and jump this latest hurdle.
Blessings to all
Daisy Cat xx
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2 comments:
I hope things work out with sorting out a new bank account. Will kep you in my thoughts.
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