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Next Game: Rushall At Home In The League On Saturday 30th November At 3.00pm

Thursday, September 12, 2019

Late Creditor Hits Kiddy Cashflow

A problem with a creditor has hit cash flow at Kidderminster according to director David Seddon.

The club, which is in discussions about a takeover, failed to pay some of its staff on time recently.

"We're in the process of a takeover and it is having a knock-on effect," said Seddon.

"There are lots of things that need to be addressed; the club living beyond its means and paying too much for players for example. Everyone bears the responsibility for that within the club."

According to the Kidderminster Shuttle part-time coaches only received half their pay on time last month.

"Most months we get paid late but this time they have gone too far," said one member of staff.

"We were meant to be paid on the last day of the month and I only received half of the money five days late and I'm still waiting for the other half. 

"I've got bills to pay and I've got to put food on the table. Enough is enough. We've got 120 boys and girls at the academy and the club receives funding for every one of them. We want to know where that money has gone. The club is in a mess. This is the worst it's ever been." 

Seddon told the paper about the cash flow problem at the club.

"Part of the issue is cash flow. I'm not excusing it but we had a problem with a creditor and it put us in a position where we weren't able to pay everyone.

"This coincided with an away game so we didn't have any cash coming in. I had to make a decision on who should be paid and I made the assumption, perhaps wrongly, that these part-time coaches had other incomes coming in from other employment. 

"That's been rectified after a couple of days and I can only apologise that it wasn't on time."