Brady ponders bad debt

Acquisitive Brady, supplier of trading, risk management and settlement solutions to the energy, metals and soft commodities sectors (see Brady successfully scaling up), has found itself in dispute with a client over bad debt, which could end up costing the company nearly three-quarters of a million pounds. Bar that, management advise that trading is ‘in line’, but the provision will surely make a considerable dent in Brady’s operating profit, which totalled £2m last year. We’ll undoubtedly hear more of the gory detail in Brady’s H1 results in a couple of weeks.