A very. very confused business...
494 posts • joined 7 Oct 2011
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...
An even more complex bit of 'corporate speak'.... there must be a Reg annual prize for this surely.
That, should speak volumes.
This is how big acquirers lose much of the acquired business. Such a common event but ultimately, most such acquisitions have three aims. Take out a competitor, grab the good high margin bits while there and dump costs when there's no scope for further plunder.
Anyone got a breakdown of these huge costs?
Made the mistake of buying one of their printers....NEVER again..
Is EMC a Bank?
Taking a 25% stake in the business is a bit of a saver....
Jon did a great job there....the business is however ripe for the plucking...
Question...why just US owned internet companies...what about all those large, medium and even small corporates, who like internet companies. mitigate their tax through legitimate practices. HP, for example, pays zero corporation tax in the UK.............
Cue the violin player...
The restitution hearing will determine this. Question one must ask is how unique is this? in other words, is this a common theme in supply chain orchestration?
So, suppliers had credit insurance so it's OK to fail.... pfft....odds are they didn't given recent filings. Point is, if distributors are struggling to make a profit, brokers further down the chain feel it even more. This one has been heading for a fall for three years.
Expect the inevitable....crash.
The issue here is quite simple. If, as a critical IT supplier to a business that suddenly goes down the pan into Administration, I am likely to have within my terms and conditions of supply a clause which will state that in the event of Insolvency or implied insolvency, I have a right to immediately cease supply.
If an Administrator wishes me to continue delivery in order that he (the Administrator), can maximise any recovery to fill his pockets and pay secured creditors, then he will have to put his hand into his own pocket and guarantee me payment for any ongoing supply. I may still be peeved that debt owed prior to Administration may not be paid and feel angry enough to stick two fingers up at any guaranteed future payment unless I can increase the charge to account for this.
I'm all for business recovery and continuity but there comes a point where the playing field has to be level and fair.
That's it then...bought by EMC soon...
Now there's a surprise....
Cuts inevitable and on the cards....as for numbers, just wait and see, but they'll be plenty.
8/10 Venture Capitalists (no matter what their size) know sweet FA about the business their money goes into. It's all generally a case of recommendation by others, copying others or taking a punt in the hope one several comes up trumps.
I've witnessed this in the channel, those heady days of dotcom and more recently with the arrival of cloud based technology, mobility and wearable tech.
Errr, give them time and they'll buy all of them.
Baffling how dim and slow some of these investors are at times...time will tell
Before that gap with HP decreases...mark my words...
Anything like the 'prompt payment code' initiated by Government is a load of bollocks. It just gets few headlines and gets buried...
Having said that, small or not have the balls to say no to 90 days or increase the charge accordingly to carry the cost.
Difficult times for Misco but others like them are not immune...
IBM's strategy has been astute, and successful...hope this will not reverse things.
True, but when buyers don't pay for kit and disappear, without paying VAT, what's to stop this kit being sold on again at a fantastic margin?
If you can't make money selling managed services, you may as well pack up and go home.
Ah, but they won't..and why should they?
Wasted breath....nothing will come of this and it'll be buried amongst many other pre-election posturing elements
Fact is most don't show profit in the UK and that is deliberate and because UK rules allow it. Instead of taxing perceived diverted profit, deal with the root cause. Simply taxing it sends a message of 'OK boys, I know this may hurt a little but I have to demonstrate I'm doing something and really....it won't hurt much at all'
This is not just Google, Amazon, Starbucks et al...it's almost every vendor and even extends to distributors too. They're all at it, and why not, if the rules allow it and it's not illegal?
I take it this was never going to be passed through to channel players, aka IBM resellers
Great result..would be useful to see a breakdown of revenue growth and profit. Clearly gained market share from others.
by 2030, we'll all be using telepathy....there...and there's no point replying coz I know what you're going to say. If you want my full report, it'll cost you just £5,000.