Register  |  Update details
CRN's Sara Yirrell
Yirrell: Times remain tough but the good news is there too
R E L A T E D   C O N T E N T
ADVERTISEMENT

Sara Yirrell

The financial fightback

Don’t get too excited, but two separate pieces of research last week both pointed to signs that the channel and wider economy is holding its own.

CRN, 29 Jun 2009
ADVERTISEMENT

Analyst house Plimsoll examined 1,000 top UK resellers and concluded that two out of five (38 per cent) VARs are in a ‘strong’ position financially after counterattacking the recession.

These firms are running profit margins at an average of 3.8 per cent and have seen sales rise by three per cent.

Keeping up the positive spin, KPMG released figures for its annual National Business Confidence Survey, which revealed 42 per cent of respondents, typically business leaders from a range of UK industries, were confident about their future prospects.

Also 55 per cent of those questioned felt that the economy has bottomed out.

Of course, there is the flip side. ­ Plimsoll identified a number of channel players (292) in total that qualified for ‘Caution’ and ‘Danger’ status and KPMG’s figures revealed that 54 per cent of respondents to its survey felt the UK economic outlook was bad.

We all know times are tough and I am reminded of it on a daily basis, but that doesn’t stop good news happening either, which is a relief.

To see any positive research at the moment is definitely a bonus and hopefully a sign that there is light at the end of the tunnel. The only question is ­ how long is the tunnel?

Sara Yirrell is editor of CRN ­ sara.yirrell@incisivemedia.com

M A R K E T P L A C E
Sponsored links
| Goodman Masson
Treasury Job: Treasury corporate Finance/ documentation analyst, an exciting opportunity has come up with a large oil company based in greater London. This is an ongoing temporary role and the right candidate will be immediately ... more >
| Goodman Masson
Treasury Job: Treasury Assistant an exciting opportunity has come up for a treasury assistant to work with a medium sized organisation on a bank reconciliation project with in the treasury function. The right candidate will ... more >
| Goodman Masson
Treasury job: European Treasury Analyst, Cash Management. An exciting job opportunity has arisen with the responsibility of the treasury operations across Europe. This is an ongoing temporary role based in Epsom and will involve maintaining ... more >
| Marks Sattin
Our client is a US owned Media business specialising in the marketing and advertising sectors. They are currently looking for a Group Finance Manager to join their London based team in order to help grow ... more >
More Jobs in Finance