Incompetent Accountant On Their Bike?
There are sure to be some very red faces at Tesco HQ today, after it was revealed that Britain’s biggest supermarket accidentally paid one of its suppliers almost £1m for six bicyles. It was reported that Universal Cycles, which is owned by Mike Ashley’s company Sports Direct, has apparently paid back most of the cash but is with holding £120,000.Tesco should have paid Universal £984 for the six Muddy Fox Suspension Bikes, which it purchased in August this year. But some poor incompetent in Tesco’s finance department managed to overpay by a factor of one thousand! We can be thankful that the individual responsible for the major cock up isn’t manning a till.. my household expenses budget couldn’t stand the extra. 
The plot thickens.. although Universal have refunded most of the overpayment, it’s alledged that they have retained £120,000 to cover other oustanding debts. Unsurprisingly Tesco is disputing this and the relationship between Universal and Tesco is looking somewhat strained.
You have to smile at the irony when Tesco keep telling us that “Every little helps” when overpaying almost £1 million is hardly a “little” oversight.
