Keith Danby, Global CEO of IBS-STL/Biblica has spoken out in a Trade Announcement issued this afternoon to quell rumours that IBS-STL UK may be “going into ‘liquidation’ or ‘administration’”, reassuring the trade that “there is no immediate crisis within the Charity” and reaffirming his own personal “commitment to support the UK Christian trade both in the retail and supply sectors.”
There have been a number of rumours circulating suggesting that IBS-STL U.K. is going into ‘liquidation’ or ‘administration’. I can confirm that the charity is neither in liquidation, nor in any form of administration.
A number of factors including the SAP implementation have caused STL Distribution serious Supply Chain difficulties, which have resulted in severe cash flow problems.
I met with a number of our key suppliers earlier this week in London to appraise them of the situation…
October 29, 2009 at 8:42 am
[...] IBS-STL UK – Danby Speaks: there is no immediate crisis within the Charity 14/08/2009 [...]
November 16, 2009 at 3:32 pm
[...] decision comes in the wake of repeated reassurances from Danby that there was “no immediate crisis within the company” (August 2009) and that there was “a sustainable business ministry model going [...]