There’s a lot of silliness currently being talked about building industry sub-contractors being left unpaid following the failure of building companies. Calls for builders to maintain trust funds ignore practicalities.
But let’s get one thing straight. Being left out of pocket through commercial failure goes with the territory of running any business. My company here and abroad would lose on average over a decade, 5 to 10 million dollars through lessee failure. So too suppliers to retailers, and retailers themselves through hire purchase failures, theft, unsold stock and so on. Publishers produce books which bomb, retailers buy a line of goods customers reject, and so it goes. No‑one is immune, even professionals when their clients go belly‑up.