Feeling the crunch
16 December 2008 | Steve Bagshaw
By Jake Kanter
This story in the Financial Times suggests even the most sought after brands are feeling the bite of the credit crunch this year.
Robin Ellis Construction (REC), known as "London's poshest builder", has entered administration after a "cut off" in payments made by customers and subcontractors refusing to extend credit. REC, whose client list has included stock market traders and rock stars has made all 35 of its staff redundant and future projects have been cancelled.
Is any organisation fully resilient to the economic downturn?
How can cash flow problems be mitigated?
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