… 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:
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.
Discuss here, or over on the STL Blog…
- IBS-STL UK – Danby Speaks: there is no immediate crisis within the Charity 14/08/2009
- IBS-STL UK: “a sustainable business ministry model going forward” 15/09/2009
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