It is more important than ever to get paid and make sure you carry out due diligence on your customers ensuring you look at all aspects of the business. ‘Kids Company’ is a charity with a very high profile person, Camila Batmanghelidjh running the company and was described as the chief executive.
Camila Batmanghelidjh resigned as a Director on 28th October 2003, nearly 12 years ago
‘Kids Company’ is a charity and many people feel that Charities are good credit risks without carrying out further investigation. They often have high profile people on the Board or acting as trustees. In the case of ‘Kids Company’ Alan Yentob Creative Director at the BBC is a Director which may have given suppliers comfort. Mr Yentob is a busy man and on the Board of a number of Charities and one would not have expected him to be involved in the detail of the business.
There are thousands of Charities that do essential work in their various sectors but some are run by people who have little experience of sound business management and that are so committed to their cause that they take their eye of the ball.