RIBW
Member
I have received an interesting offer. If I pay my 2021/2 marina fees before 30th September they will be at this year's rate.
What is behind this ?
Is it to secure customer numbers, because of an imminent price war as a result of Covid, which would cause people to leave and berth elsewhere?
Is it to put cash in the bank (effectively a loan) to secure retention of their workers through the worst of Covid ? [A 'good thing' - the staff are all excellent].
Is it something totally different?
(Unless the accounting rules have changed since I was concerned with these things, they can't legally recognise any of this money as revenue because it is not revenue until it is 'earned' which can't be before April 2021.)
I was asked in another recent PBO post "What is my concern". My reply here would be the same - my concern is my ignorance.
Are there any insiders with insight?
Cheers
Bob
What is behind this ?
Is it to secure customer numbers, because of an imminent price war as a result of Covid, which would cause people to leave and berth elsewhere?
Is it to put cash in the bank (effectively a loan) to secure retention of their workers through the worst of Covid ? [A 'good thing' - the staff are all excellent].
Is it something totally different?
(Unless the accounting rules have changed since I was concerned with these things, they can't legally recognise any of this money as revenue because it is not revenue until it is 'earned' which can't be before April 2021.)
I was asked in another recent PBO post "What is my concern". My reply here would be the same - my concern is my ignorance.
Are there any insiders with insight?
Cheers
Bob