- posted 10 years ago
A local company, Wrekin Construction, has had to call in the receivers today. The bank RBS is demanding instant repayment of £2.8 million overdraft, when the company has orders of £40 million this year and £4 million next year so far, and has £1m due in the bank on friday, but the bank has already frozen their account and also refused an offer of shares in the company as security. Sick sick sick. I suspect there are many instances of the same thing going on all over the country, destroying business that has taken years to build, and will take years to rebuild. To those of you who supported the bank bailout, do you still when you see this kind of thing?