Precisely. Corporates tend to shower praise on pensions schemes as a recruitment tool but then fuck it up totally when it comes to commitment to pay. Pension holes are simply too enormous to blamed on anything other than mismanagement.
594 posts • joined 7 Oct 2011
What is this bollocks?
Re: You cant have it both ways
Online sales in 2016 were only around13% of total sales. It’s footfall in the high street and management of costs that are the problem. There was a hefty increase in both people and premises costs in 2016 that needs to result in higher sales otherwise the debt becomes more difficult to service.
Insurers react to events, one of which is deteriorating performance and financial instability. Not paying HMRC or suppliers is one aspect of this.
No good blaming credit insurers or HMRC demanding its money. The fault lies in the business itself, the model, its historical trajectory and path and the very nature of what it does.
My experience has always been that businesses bought for just £1 offer just one thing- an opportunity to make some fast money, strip out certain assets and distance parts of the business that may have greater shelf life. Misco, as a brand and a business model is a throw back and cannot change sufficiently to move into new areas and activity.
Spot on judgement and assessment....
Re: Business not coming in then?
Can't help myself DXC sounds so much like 'dicks'
IBM must be having a really shit time...
Handing over the baton
Martin took the reins of a very successful but almost 'shy' reselling business and helped it break into the limelight. Proud of its roots however, he kept the very same work ethos and this accelerated growth. The tricky bit with any Reselling business is how one takes it beyond 1bn.
Was never going to work.....
Re: "blessed with some of those unwanted encumbrances of age"
Know all about those myself...but trying to. Hold back the tide isn't one of them.
He could always have a word with his mate Putin... he's bound to have some spare Mig's or Sukhoy's at a nice price deal...!
Just wait until the Chines buy big in Vendor/manufacturing land......
Towel throw imminent
Bit like clinging on by fingernails now for some years. Business needs to be sold or become a reseller.
Great to see Softcat performing well but keeping feet on the ground is a pre-requisite of future sustained growth. Post IPO, certainly in the technology sector, the first two years are more likely to be easier in showing delivery. It gets a lot tougher after that to maintain the same levels of top and bottom line growth, more so consistently.
Well, well, finally, recognition of where things are heading...
Isn't this just old fashioned rental? What is all this bullshit called device-as-a-service? Enough of these dumb euphemism's...
I like this woman....totally agree that much of what is said is utter bullshit.
Is this a gripe?
Is this a plaintive cry for the old days and a gripe that change is altering the sphere and influence of 'traditional' channel players? Nothing stands still for ever and Manufacturers, Distributors and Resellers surely have a duty to change and evolve or die.
Get your prices right and rebates won't necessarily have to apply.
Forget it, if you're bought just get what you can.
One thing to learn, when you're taken over by someone else that someone else gives not a jot what value you offered or the service level you delivered.
That someone else's priority is to retain as much of the actual business as it can and shed the excess cost of people in the acquisition; it's really as simple as that in 8/10 cases. Issue is in doing so, they actually retain less than 40% of the business volumes they acquired. Within 3 years of any acquisition, the acquirer will have retained less than 5% of staff acquired.
Best option is to sit and wait for the offer of make the demand to shift early, they always like that.
Lenovo, or no love?
Is that you Scrooge?
Feel like kicking it
It's on my Lenovo and it's shite..... Laptop freezes for no f*****g reason, keyboard suddenly becomes unresponsive, email suddenly decides to close on its own, and it takes f*****g ages to not only download updates but for these to then be installed.
I f*****g hate printers
Had an HP printer once and never again.... Had a Lexmark printer once and never again. In the case of the latter, had a conforming substitute Tesco ink cartridge that worked but only until a Lexmark update stopped it functioning.
I consider another rip-off to be the assured number of either colour or black and white prints with each cartridge. It's well below the number assured.
Re: If CSC are too big now...
A lot lot more of the same ......more headlines for El Reg in future
Good riddance...now for a few more
One less to rip us off on printing
Here we go again
Compiled a list of UK distributors back in 2010 and I had around 68 names. This has now shrunk by 55%. This mean less choice and further downward pressure on gross margins. Expect more because they simply cannot survive without acquiring currently. Seems that as manufacturers consolidate, so do Distributors.
Usual event when one biggies buys another biggie..the one swallowed suffers most.
Hang on. ...
We've not left yet...
Marked difference between a car manufacturer and Supermarkets that sell product other manufacturers produce to the likes of you and me and two ingrained and competing technology companies merging into one. Expect to see a thorough review of product and lines covered and even a new direction with the usual chopping of overheads.
Re: Indeed, Apple is just the biggest target
No fish (or fruit) bigger than Apple...
Re: Particularly interesting...
This was no about head quartering in Ireland - It's about 'special deals' that are forbidden and rightly so. Peeved myself that Microsoft and others seemingly reached 'agreement' with HMRC. This is simply unfair to those that cough up at the correct rates.
Re: So what?
Can't wait to see your comment in 15 years time.
Essex? the only way is Middlesex
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...
Re: Turkey shoot
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
Load. Old bull
Now reaching the pits of desperation in trying to keep workers happy and selling
Does anyone ever reach those milestones......??
Sovereign rules apply n'est pas?
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.
Re: Payment terms
They in turn I recall frequently took 60+ days to pay
Could never quite understand precisely what this business was supposed to be selling.
No surprise then
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...