Sometimes, silence is golden. Other times, it’s terrifying: someone we love breathes their last and the silence suddenly stretches to eternity…

It feels a bit like that with STL UK. We all know that STL as we once knew it is finished. We also know that deals have been done behind closed doors: we watch and wait for a crack to appear, for a little light to shine from those doorways, for STL to live up to its name … but that was the old name, before Biblica. Strange, how these things haunt us…

We hear rumours and rumours of rumours. Buyers for Authentic, Wesley Owen, STL… or not… people get uppity: stop speculating, they say, it’s dangerous!

But the way to prevent rumours and speculation, of course, is with truth and facts, with honesty and openness. That, however, is also dangerous: it makes us vulnerable … imagine, if you can, the most powerful person in the universe … let’s say God … making himself vulnerable … daring to enter our world, to trust human beings to take care of him. No: such a thing would never work: they’d just crucify him…

No. Openness is far too dangerous. We need secrecy. We need silence.

Shush, now, baby’s sleeping…

STL UK - Communications Update, 28/10/2009

STL UK - Communication Update, 28/10/2009

… and so another trade missive emerges from STL UK in another attempt to lay to rest the rumours of… of what exactly? Whatever the rumours may be, I haven’t heard them. What I do know is that all too often I’m having to place orders elsewhere for items that I’d normally expect to be able to obtain from STL UK.

Credit where it’s due, however, and thanks to those at STL who have gone the extra mile recently to obtain some of those items, and to their customer service team who remain unfailingly polite and helpful.

Please continue to pray for all concerned, for wisdom, grace and whatever other virtues may be called for; and maybe for a friendly millionaire to come along and help them out…

The missive itself:

COMMUNICATION UPDATE

Over the last few days there have been a number of rumours circulating about the current position of IBS-STL UK in regard to its future. This communication is to inform you of the current position.

Over the last few weeks the charity has been in discussion with its bankers and creditors, with a view to determining the best way forward. As with any charity or company going through financial difficulties, we have to be careful with regard to the interests of the creditors, as well as the ongoing work of the charity and ministry, about which we are passionate.

The period of our bank facility has been extended to enable us to carry out further work with appropriate consultants, looking at the various business models that the IBS-STL UK Management Team and Trustees have been considering. When this work has been completed, we will be in a position to decide and communicate on how we see the future.

Until then we are very appreciative of the patience shown and help given by many of our suppliers and ministry partners. We are grateful for the opportunity to continue serving our Retail customers through our distribution operations.

We will keep you informed as and when there is something to add.

Keith Danby
Chief Executive

Discuss here, or over on the STL Blog

Previous Missives

Other Related Posts

IBS-STL UK Trade Announcement 15/09/09

IBS-STL UK Trade Announcement 15/09/09

In a new trade missive released this afternoon, Tuesday 15th September, Keith Danby has sought to further clarify IBS-STL UK’s trading position, reassuring trade partners that “there is a sustainable business ministry model going forward”, reiterating the company’s ongoing commitment to the UK trade and thanking those who have supported the company through prayer:

On the 14th August I made a statement about the current trading position of IBS-STL UK. This was in response to concerns within the trade and rumours circulating regarding our solvency. At that time I informed you that we were neither going into liquidation nor administration and that we were in discussions with our bank, suppliers and external auditors to seek out ways in which we could work together to help improve our current cash flow problems and secure our future.

A team of external Accountants have since conducted a business review of the UK charity, and I am pleased to advise you that they have filed a report highlighting that although IBS-STL has been experiencing some severe cash flow difficulties during the summer months there is a sustainable business ministry model going forward.

We still face significant challenges in this current financial year and are continuing to work hard with our professional advisors, bankers and suppliers to resolve our cash flow challenges and return to normal trading conditions as soon as possible.

IBS-STL UK Trade Announcement 14/08/2009Keith 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…

Follow

Get every new post delivered to your Inbox.

Join 1,308 other followers