So sorry to hear, expect the key issue is that proceeds of customer car sales on commission should be in a segregated customer account and not be mixed with business expenses. A few years back I sold a shogun with a dealer in Reigate, Surrey, had a lot of chasing to get paid for it as was in chunks when it should have been a straight payment.
Expect the challenge with Commission sales on cars is the dealer is on the hook for 90 day warranty period when the customer could reject the car or bear the warranty costs, I expect this gets tricky and may also be a rationale provided for delayed payment.
If you have a fast moving market for Morgan’s one sale might cover the payment of the next, when the sales dry up to a prolonged period you run out of cash..
