WHAT I find amazing as an ex-sales and marketing man is that all the warning flags were flying regarding Wilko’s financial difficulties, these clear indicators were seemingly ignored looking at the huge numbers of companies involved.

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Empty shelves, profit warnings, the Wilko distribution centre sold at a ridiculously low price. My company would have stopped supplying them a couple of years back unless an agreed payment date was strictly adhered to.

The fact that Proctor and Gamble are reportedly owed £8.8 million suggests ineptitude on a grand scale. Credit control has always been recognised as important as volume sales, yet it appears that this has been ignored.