Crane???

[Tim Kish]

Originally Posted by Michael Beard

Brilliant. Now the bank won't get anything more out of Crane. If they don't lend, how do they make money?

The vast majority of my customers pay me either same day or within a matter of days, and I pay my suppliers either the same day or in a matter of days.

Working at a Tier 1 automotive supplier I know that many of our customers go to great lengths to pay at the last possible day of their terms because the accounts have figured out how much money can be made each day they hold onto their money (assuming they even have it).