How's Your Firm Doing So far?

Poll: How's Your Firm Doing So far?

Total Members Polled: 163

Much worse: 9%
A bit worse: 12%
About the same: 47%
A bit better: 23%
Much better: 9%
Author
Discussion

BJG1

5,966 posts

212 months

Saturday 27th August 2016
quotequote all
Checked slightly better as our results were better than expected but in terms of Brexit it has had zero impact.

We are using it a lot as an excuse to foreshadow any poor performance in the next couple of years though

mikemike08

1,609 posts

94 months

Saturday 27th August 2016
quotequote all
My business is much worse, I have noticed that big retailers are cutting prices big time, I can't really afford to do that and I do think over the next year or so many small business will go bust. I am still waiting to take advantage of the lower £, still not happening for me as most clients are starting to see the UK as a racist, backards looking. Seriously considering moving to Bulgaria with my bulgarian girlfriend, or sell up get a tent and live in the woods

s2art

18,937 posts

253 months

Saturday 27th August 2016
quotequote all
mikemike08 said:
still not happening for me as most clients are starting to see the UK as a racist, backards looking.
Sure they are.

ellroy

7,032 posts

225 months

Saturday 27th August 2016
quotequote all
Nowt different, because nowt's really happened yet.

Seriously, those crowing about Brexit having had no impact could well wake up to find a proper issue in a year or two. Time will tell.

red_slr

17,242 posts

189 months

Saturday 27th August 2016
quotequote all
January, record month in Company history. (not hard to do in Jan though tbh)
Feb and march about normal
April, May, June all 20% down.
July about normal.
August looks like it will be slightly above normal. +10% ish.

The big problem is gaining that 20% loss for 3 months on the trot back.

Wont happen..

Repeat of 2011.

There is always next year!

At least it was not as bad as 2010!

A slight +ve we increased our prices so hope to maintain PM - but may need to make a big spend in Oct / Nov so might end up being a write off!

mike9009

7,013 posts

243 months

Sunday 28th August 2016
quotequote all
Our company is doing slightly better - but it is not correlated with Brexit as we are in aerospace industry and contracts are slightly longer than two months.

I suspect we will continue to grow (without a positive or negative impact from Brexit) as we mainly (98%) export outside the EU.

Mike

AC43

11,488 posts

208 months

Sunday 28th August 2016
quotequote all
So far no major change but it's too early to say.

Over the next 2-3 years if we lose financial services passporting and frick around too much with freedom of movement that'll screw large parts of the City.


Chris Stott

13,378 posts

197 months

Sunday 28th August 2016
quotequote all
Top line is fine - no real change.

Bottom line is decimated by fx impact.

AB

16,987 posts

195 months

Monday 29th August 2016
quotequote all
I originally said about the same, which is true in terms of actual profit but margins are down because we import from China. So we're doing slightly better in terms of sales, about the same in terms of profit and slightly worse in terms of margins.