Services therefore at 3%.....
527 posts • joined 7 Oct 2011
Services therefore at 3%.....
What a load of old bull....
Staggered that any business should fail to either implement or enforce simple risk management strategies to counter this type of fraud. It really is not that difficult.
Usual clamour yet nothing really gets done to curb tax mitigation loopholes and worse, the crafty movement of profit out of the U.K. To more favourable tax locations. HP UK for example files financials that suggest a good whack of corporation tax. However, it's immediate and ultimate UK Parent 'funds' HP UK and does so by borrowing huge sums of money from abroad and pays equally huge amounts of interest, net result is a huge loss and therefore a net zero UK corporation tax liability. HP are not the only one by any means and these practices extend even to distributors too.
I get totally cheesed off when the media shouts about the usual suspects but carefully avoids naming so so many others, including banks and financial institutions. Either close the gaps or stop bleating.
This type of executive bog harks back to the 40's,50's ad 60's....These days, it's a fad, akin to having private jet...did this one have a key to enter too or just a doberman guarding the door?by the way El Reg...perhaps time to introduce a new comment icon... a toilet - massive potential for use!
Is this a prayer or revival meeting?
So, is this additional 12m a gift?
Bought an Asus laptop with Windows 10 and beginning to regret it. Still no solution seemingly to downloading contact list details onto live mail and last night, a Windows update started at 11 pm and finished at 3.00am. Appeared to update the entire OS or so it seemed to me.!
Inevitable consequence but Kelway had lived it's life to the full and successfully too. Phil took it to its utmost achievable aim and should be immensely proud. New life beckons but that cannot diminish Kelway's contribution
657 grand is an almighty whack for a business this size and the rise quite unexplainable given results.
Surprised no one else has seen the value and return through such investment in smaller, growing and profitable VAD's
Baller, in this case is correct in his 'explosion'
by 2019, it will be all academic....and possibly quite a different world, more so in tech. Why do crystal ball gazers come up with this rubbish.
Sideline activity perhaps or the 'enticement' of punters. No doubt El Reg's Paul took time out in the slug and lettuce.
That's some loss in inventory and receivables.....!
$700m for a business with turnover of $17.6m and successive losses? Suggest anyone looking to sell fires off an approach to Cisco....easy money.
I now expect a greater frequency of Indian or African language cold callers from 'Microsoft' telling me my system has been hacked or infiltrated..
What started life as a successful 'etailer' got bloated with bits such as sub,sub distribution, a penchant for retail stores and a foray in solution sales, areas which they had no real expertise and therefore no real sustainable return.
Read into this folks...there is a message there perhaps in terms of where one will head and what its future will be...
So, not one already on the payroll then..
I'd like a front row seat for this pantomime...with a bit of Country and Western soothing the brow
I very much suspect a deal will be done with James as this would be the right thing to do. Finding an excuse to off-load unsecured loan notes in this way is deplorable and indeed questionable, even if legal.
No doubt in my mind that Stone may find suppliers more wary of risk given recent changes and publicity.
Small buy but it makes sense given historical links.
Astute, accurate and precise analysis. History as I knew it too. Fact is that James was Stone, he was both the engine and the driver and his departure left a void that was never adequately filled or managed. Having said that, when one goes through one MBO via a VC (one that knew zulch about the business), goes through a tricky patch and requires rescue involving another VC, the debt upstairs begins to accumulate. Debt, Loan Notes, accrued interest and not enough profit is always a recipe for disaster. This latest escapade is likely to be merely the beginning of the end.
Any indication on the level of 'services' sales figures?
Odd, how currency movement favour some and not others...
Some miserable gits commenting here and there...nice story so why bitch? And Alex is such a nice bloke too...
Inevitable result and simply the only sensible route Kelway could follow. I suspect however, that given its total takeover, the name of Kelway may well disappear in due course.
Those rocks can soon appear very jagged indeed...they will have to strip out quite a lot of cost.
Fascinating how many lose their way in 'motherships' - smothered to death maybe
Probably already are you mean....holding all his assets too...
A very. very confused business...
That lovely word....'execute'... corporate speak for cutting off heads..
BYOB... bring your own bog
Plenty of scope here....
Over charging?....never...who'd do such a thing?................................EVERYONE
Vendor selection of partners and direction pretty predictable. This will not do margins any favours so any gains are likely to be short-lived...for all.
This is probably the only real and sensible option at this time even though only a few years ago, the thought of an IPO was perhaps anathema. An IPO will give it scope on the one hand but will also change the 'character' and almost 'family' aspect of its corporate history and growth. Positives but with some negatives therefore.
A bit odd but not surprising. looks like buying a Reseller to sell it's Reseller Services to other Resellers...or is it?
How much is the debt upstairs now...and is it being serviced?
A reminder for those whose memory may be poor...'Solution' selling by either Vendors or Distributors is designed to achieve one aim, the sale of hardware and and software - ergo what they have always sold and will always sell, subject to making any money out of it.
Surprised it took this long for someone to take a good look at Computers Unlimited. Inevitable and has in truth been on the cards for at least the last 5 years. Expect more consolidation. My list of 68 UK Distributors in 2010 is now down to 33...
This is a ridiculous way to push your kit and suicidal for anyone that attempts it, let alone their clients. This smacks of desperation when perhaps it might not be there.
Never really been pure resellers. They've had a mix of sub distribution, wholesale and reselling for years. Both are significant buyers from major Distributors and yet compete against them too.
Used to rate this business...many, many, many years ago...kind of makes one wonder how it was screwed up over the years..
Great move and long overdue. it needs someone of this size however to be able to support it. Third party funders and even vendor driven ones have not really ever got sufficiently involved in funding end user deals properly.
If they paid someone for this, they've been robbed...