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Ed's business plan

• Message 1. 

  Posted by dondy (U3463640) on Tuesday, 21st April 2009

  I think I have lost track slightly. Why did Ed need a very expensive business plan to be able to take over the Grange Farm tenancy ?
  
  He doesn't seem to be borrowing any money from the bank, and Oliver, who will be his landlord, surely already knows whether the business is financially viable.
  
  It would make sense for him to have a budget/cash flow to see if he could make it work financially, but why did he need to spend £2k to find out ?
  
  Please tell me what I have missed - there's bound to be something.
  
  dondy

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• Message 2

  , in reply to message 1.

  Posted by mike (U2254029) on Tuesday, 21st April 2009

  Tue, 21 Apr 2009 18:20 GMT, in reply to dondy b in message 1
  
  He will need to have a business account with overdraft facility to deal with cashflow issues so he needs the bank's approval for that.

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• Message 3

  , in reply to message 2.

  Posted by dondy (U3463640) on Tuesday, 21st April 2009

  Fair point, Mike. However, they were all celebrating yesterday because the TFA(?) chap had come up with the business plan, no mention of the bank as far as I recall.
  
  If they mentioned having successfully opened a business bank account with overdraft facility, I missed it.
  
  dondy

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• Message 4

  , in reply to message 3.

  Posted by Mabel Bagshawe (U2222589) on Tuesday, 21st April 2009

  Tue, 21 Apr 2009 20:14 GMT, in reply to dondy b in message 3
  
  
  
  Doesn;t he need to have some financing to buy the herd and business from Oliver? I would assume that's how a tenancy works- Ed rents the land/buildings but has to provide his own livestock, equipment etc. Isn't that how the Grundys and Pat'n'Toeknee operated as tenants

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• Message 5

  , in reply to message 4.

  Posted by Halliana (U2407863) on Tuesday, 21st April 2009

  Didn't Oliver say that the cattle could be paid for over time from the profit - as well as the rent
  Seems like Oliver has given Ed a good chance to make it work as surely Oliver wouldn't press too hard if Ed 'can't quite make the full payment this month'.
  would he?

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• Message 6

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  Posted by Spartacus (U38364) on Tuesday, 21st April 2009

  Tue, 21 Apr 2009 22:06 GMT, in reply to Honeysuckle Woodbine in message 5
  
  But Ed will still need to open a business bank account, if only to be able to clear cheques from customers and write cheques to suppliers. And bank managers /really/ like business plans.

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• Message 7

  , in reply to message 1.

  Posted by posh_scouse_pinnedwithpride (U2514024) on Wednesday, 22nd April 2009

  He needs the 2000 squid business plan so that the scriptwiters can then ensure that a certain somebody can't afford to go to Mildreds funeral.....?

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• Message 8

  , in reply to message 7.

  Posted by Peggy Monahan (U2254875) on Wednesday, 22nd April 2009

  Wed, 22 Apr 2009 07:31 GMT, in reply to Posh Scouse, Polite, dignified,regretful, restrained - but with a touch of underlying threat and malice in message 7
  
  He needs the 2000 squid business plan so that the scriptwiters can then ensure that a certain somebody can't afford to go to Mildreds funeral.....? 
  
  That sounds like a typical TA plot device. But it does also seem to me possible that the Tenant Farmers' Association might insist on a business plan done by their experts before allowing somebody to be a member of the their Association, which I assume gives some sort of help and protection to tenant farmers, and may also be necessary for the bank to give the appropriate facilities.

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• Message 9

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  Posted by posh_scouse_pinnedwithpride (U2514024) on Wednesday, 22nd April 2009

  But that's no fun at all! [and no-one got drownded].

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• Message 10

  , in reply to message 7.

  Posted by dondy (U3463640) on Wednesday, 22nd April 2009

  He needs the 2000 squid business plan so that the scriptwiters can then ensure that a certain somebody can't afford to go to Mildreds funeral.....? 
  
  That is by far the most likely explanation, Posh
  
  Peet, if you're not borrowing money, it shouldn't be necessary to have a business plan to open a business account. I've certainly helped someone to do this and no business plan was requested Overdraft facility, as Mike mentioned, might be the stumbling block.
  
  Thanks for all your thoughts. Am hoping Keri might pass by and tell us what the SWs think.
  
  dondy

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• Message 11

  , in reply to message 10.

  Posted by Spartacus (U38364) on Wednesday, 22nd April 2009

  Wed, 22 Apr 2009 08:40 GMT, in reply to dondy b in message 10
  
  Peet, if you're not borrowing money, it shouldn't be necessary to have a business plan to open a business account. 
  
  Last time I had to open a business account they certainly wanted documentation to prove it was a legitimate business. I agree a £2000 business plan may seem a bit OTT, but it depends what other things he needs to apply for. For example, will he be applying for subsidies?

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• Message 12

  , in reply to message 11.

  Posted by _ShropshireLad_ (U10844552) on Wednesday, 22nd April 2009

  Wed, 22 Apr 2009 19:31 GMT, in reply to Peet (the Pedantic Punctuation Policeman, Muse of Lateral Programming Ideas, Spoonwinner, Cheese Namer & Zaphodista) in message 11
  
  it depends what other things he needs to apply for. 
  
  He'll have to have some sort of credit account with feed suppliers as well, he can't stand there counting out twenty pound notes while a lorry's dropping the stuff off.

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• Message 13

  , in reply to message 12.

  Posted by TheWhistlingGnome (U13362336) on Thursday, 23rd April 2009

  I thought it a little odd that Ed had to cough up 2k for a business plan when Tom seemed to be able to knock his up in the afternoon.
  
  I accept that the bank said no to Tom
  
  TWG

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• Message 14

  , in reply to message 13.

  Posted by Vicarshusband (U6051871) on Monday, 27th April 2009

  Mon, 27 Apr 2009 20:07 GMT, in reply to TheWhistlingGnome in message 13
  
  I don't believe that Ed has taken over the tenancy at all. That's waht he thinks. The so called "business plan" was really some kind of advance fee scam - the whole point of Ollie's cultivation of Ed in the first place was to get things to that point and get him to part with the money. Now that he's got his hands on Joe's funeral money, he and Caro will be off to the next village to run whole thing again.
  
  VH

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