Quote: Andy Gilder "IIRC St Johns Ambulance got stiffed when Leeds United went into admin. I'd say they meet that description.'"
Seriously ?
You're suggesting that there is no business structure to the St Johns Ambulance, that behind that charity/volunteer public face there isn't a business structure where finances are organised by accountants and auditors keep an eye on debtors and creditors and all the other mind-numbingly sterile stuff that you accountants do ?
Well I never knew that.
I'll qualify my statement slightly - there are no "innocent creditors" in a business-to-business transaction.