Urgent action to attend to Comart credit control issues before pre-holiday meetings with my deputies and a negotiation with Kode over their £3m take-over of Comart as Syria rejects Lebanese peace plans and Thatcher refuses to change policies
Early to the office and to call an urgent credit control meeting – a small customer, Plume, had been allowed an indecently high credit of £17K and looks dodgy. Much learnt as a result by the sales and finance departments and I decide to write a new credit control strategy and policy. A meeting in late morning with Henry Son and Daw to investigate the prospect development of new premises on the adjacent site at Little End Road and good progress made. However, the request to try to get the council to agree to remove and replace the cemetery road could lead to delays. A lunch of sandwiches and to review John Lamb’s progress on this his last day before holiday and then a meeting with Peter King after to tackle the most urgent matters that we have to resolve between us. A short time to prepare the Board reports on personnel before a meeting in late afternoon with Kode’s consultants, P.A., to investigate their interest in purchasing the company for £3M which they may be prepared to consider in two stages.
Home a little late and spent the evening with Diana and Daniel before up late reading the months Board Reports. The weather still cold and frosty but the builders gradually make progress on the house. News today of Syria’s rejection of the Lebanese peace plans and of continued refusal by Thatcher to change policies. In fact, government expenditures for the next three years are to be held down with tax rebates planned.