Anyone working in or following the landscape industry will be interested to know that BALI - often described by itself as the UKs trade association of choice - has doubled the amount owed to creditors in the last two years.
Documents acquired from Companies House show that BALIs creditors, falling due within 12 months, have increased from £225,229 (31 March 2011) to £455,482 (31 March 2013).
In the same period, BALIs debtors have risen from £34,997 to £122,067.
Whilst the debtors figure is open to interpretation (i.e. that they [BALI] have either sold more memberships or there are more members that have not - as at the accounting date - paid up) the creditors' figure is evidence that BALI is spending more than it did, year on year over the last two years, to run its organisation.
Why is this significant?
BALIs AGM mintutes of 7 September 2011 showed the organisation was churning 10% of its membership and that it only made a profit because it no longer employed a CEO - BALI also warned that it would not make a profit in [that] financial year.
Recently BALI has increased its employee base with several new appointments, putting further pressure on its operating costs.
Are we seeing a quickening demise of BALI or a resurgent membership as it convinces businesses that BALI membership is a worthwhile investment in today's business world?
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