segen 2% discount for cash accounts???

[Gavin A]

Just wondering what the class makes of segen suddenly deciding to offer 2% discounts for anyone who clears off their account and moves to cash up front accounts?

Makes me think they might be having some issues, but also that this might be a bad omen in terms of them being likely to start reducing credit limits again...

We've already taken some of our eggs out of that basket and sorted out some other baskets to be on the safe side.

 

[whinmoor]

Maybe one of their big credit customers went bust on them owing thousands. I know that happened when the Ploughcroft train hit the buffers and Zenex took a hefty hit.

A 2% discount is pretty attractive if you are able to run a smooth operation and get the cash out of the customer pronto. The problem is that they have whacked up many of their prices in advance by far more than 2%!

 

[BruceB]

Not got that email from them. Perhaps I am not buying enough now. The email I got today talked about chinese panels and solar edge discounts.

 

[SRE]

I don't sell enough for 2% to make any difference. I can still buy quite a bit cheaper elsewhere. I've used Segen since we started almost 3 years ago but when I'm being pushed from every corner on price and they can't be bothered to email, ring me or answer a phone then I'll take my little business elsewhere. I always paid for my goods from Segen the day they arrive - as soon as they are checked off, won't be doing it now.

 

[Gavin A]

Not got that email from them. Perhaps I am not buying enough now. The email I got today talked about chinese panels and solar edge discounts.

it's on the portal.

Not that I'd even consider it - not even vaguely in a position to think about it tbh.

 

[Matt_M]

Segen have cut our credit limit by well over half today; anybody else had this?

 

[SRE]

Just checked ours and it's the same BUT they cut it by more than half about 4 weeks ago - so maybe you're just catching up!!

 

[whinmoor]

Did they inform you beforehand or just do it?

 

[SRE]

Just did it

 

[Matt_M]

Yeah, just did it. We got an email with some information about why their prices had been increased and it simply stated that our credit was a much lower value than before. No warning or information.

Segen's prices have been off the mark for a while now, they used to be great and follow market trends but now we find that nearly every other supplier is cheaper.

 

[finchy]

Think they are trading off the fact that their online portal is good. I do like the transparency and i have built their pricing export into my models. But we have accounts with Edmundsons & wf so we are covered. Not sure the 2% would entice me to pay before I receive the goods although we have to part pay as the credit limit doesn't cover our recent orders. Installing our 3rd field mount of the year Tuesday. It's slowly ticking over ....