Re: So what?
Can't wait to see your comment in 15 years time.
562 posts • joined 7 Oct 2011
Can't wait to see your comment in 15 years time.
Brentfords in posher climes than Essex...should read Middlesex my man Reg....
Expect another 'slurp' as the Reg describes them... Only way this model can keep its head above water
Never got to improve on that 47 minute hold to actually speak to anyone then...
Double check the UK taxes...given where acquirer operates from
Another UK distributor gets gobbled...fewer and fewer left.
Unlikely to be any adjustment should currency recover....if it ever does
Now reaching the pits of desperation in trying to keep workers happy and selling
Does anyone ever reach those milestones......??
So, one goes for Brexit to regain 'sovereign power' but one argues sovereign rules requiring the result of a referendum be approved by HM Parliament is not flavour of the month.......
Do us a favour... Come back and revisit this post in a couple of years.....
Whenever VC's get a grip of businesses like Maplin, it can only result in tears and hair-pulling. Was a gem of a place in its early days but successive owners have failed to mould it to meet changing buyers habits.
This is a classic case of passing a hot potato around. Expect the original business of Trustmarque to disappear into Capita's black hole.
They in turn I recall frequently took 60+ days to pay
Could never quite understand precisely what this business was supposed to be selling.
They always lie on this issue and more
Another loss to those that bought from them on the sly.... would be great to see their client base.
The world has gone totally mad...
Don't you believe it.... Pro brexiters have their own agenda firmly set and once their personal aims are achieved, they'll let other sort out the mess.
Shape up or I call in your remaining chips...
Unfortunately, despite perilously low margins in selling to such organisations, (sometimes at a loss), the volume is just impossible to ignore as rebates eke out another extra basis point or two for distributors; and they clearly cannot afford to lose this level of turnover.
If you're going to outsource, do it with the right contract and provider, not a bunch of cowboys like this.
Easy to part a fool and his money.... with a name and promise of good things...
Fascinated that businesses should leave themselves open to such fraud. I'll wager many of them have anti fraud processes but fail to follow them or update them. It really is a simple case of implementing a risk policy, keeping everyone in an organisation aware of it, constantly updating it and above all, ensuring everyone follows it.
There was I thinking the idea is to make profit...
Another established UK IT name disappears into the haze...
Cash in tank is the oxygen left but Northamber shot it's bolt when it peaked at revenue and refused to change tack.... using its cash pile to just twist a little in the hope of finding water.
Businesses like BT looked at Dabs given their existing online selling expertise which meant BT would not have to start off their own. Dabs, in its early years was a pioneer 'etailer' and this was the attraction to BT. No different to Insight's acquisition of Action Computer Supplies or Systemax buying Paul Kusak's business in Sheffield. Invariably, when big business buys smaller businesses the value on purchase diminishes as does the level of service while the return on investment becomes more acutely watched and monitored. If there's been a decline it service levels it should have been noticed before now.
So, on promise equally risky...
Not sure I follow cloud being a high volume low margin area... Cloud sales represent just 8% of sales.
Can we review this in 2018 and call Gartner to comment.
Tricky move driven perhaps by a need also to bolster margin and increase share.
If it's taken a year or more for this to surface you can bet responsibility rests equally with suppliers for failing to resolve issues or enforce payment legally due.
As for those walking away, there's a suspicion perhaps margins don't merit the hassle. I can recall UK to UK business going this way.
If you're owed money, you charge interest and litigate if that is the ONLY way to elicit payment. If you litigate however, odds are your credit insurance will come down and future business is likely to suffer.
Ingram's sale is a bold move, the first major to note what's coming and react
Said well before Lenovo purchased chunks of IBM that Chinese mega companies would begin to swallow up more of the traditionally larger western Tech companies. It won't end with Ingram and expect some really big mergers/acquisitions in the next three years, even within western behemoths.
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.