I have remained silent on the disgraceful and unprofessional conduct of our global banking sector until now…. Something happened this week that initially made me involuntarily laugh out loud, then two minute later saw me internally combust – not a pretty sight!
My husband has recently set up a social enterprise called Poppies & Pals on a mission to educate and inform the nation on the heroics and bravery of the men and women who fought in the Great War. Having confirmation from Companies House that the CIC was in place he set about getting a bank account. I naively suggested he should try a specialist bank (who shall remain nameless), a niche provider working exclusively with social enterprises thinking I was supporting the third sector. Their response to his call ‘Well Mr Davies, we will have to see your business plan before we can consider opening an account for you.’
Seriously? This was the point I erupted into laughter. My imaginary response was ‘Do you even know what one of these is? And more to the point I am giving you MY money, I am not asking for an overdraft, a loan or any form of credit I am simply looking for a place to process my money so you can use it to grow YOUR business, so how about you show me YOUR business plan first eh?’
I am reminded of a scene in Blackadder
‘You wouldn’t know a business plan if it painted itself purple, jumped up on a harpsichord and starting singing ‘business plans are here again’!!!
Oh how I laughed and cried. If our economic recovery is to be reliant on the banks ability to understand business planning we are in more trouble than I thought!