Blog
Posted March 27, 2012 by Andrew Pegg
Clearly, Game have suffered from a structural shift in how multi media now can be acquired by customers over the internet. However, interestingly, PwC say that one of the causes for Administration was that the business suffered from a high fixed cost (Property for a High St operator will be a significant proportion of that overhead).
Presumably that was known to the management.
Administration serves to protect the creditors and is a “last ditch” attempt to save the business. If the management had looked at that fixed cost say 2 years ago could they have managed their way out of the present situation? Who knows, but it is likely they would have identified options and strategies to preserve the viability of the business.
This is precisely where Midas can come in – ahead of any changes, in an analytical and non transactional way. We have processes and tools to help retailers align premises and trading issues to identify star performers and importantly those that are on the “emergency ward”. We can help good managers be even better managers. For more information, email us or call us now 07710 031477 or 0870 242 0472.
Posted by Andrew Pegg
Wolseley plc, the leading supplier of building materials has posted a 25% increase in profits. Not bad in the current down turn but most of that growth has come from the US – UK sales are down 3%.
The business has a large number of distribution and trading sites accross the UK, quite possibly with some overlap and redundancy through acquisition and merger of legacy businesses. There is no doubt that a lot of work will have been done on rationalising that portfolio, taking advantage of lease breaks and development opportunities as well as looking at removing duplication or trialling new trading formats. Can more be done as consumer spending patterns continue to evolve and in the face of stiff competitor pressure?
Midas specialises in analytical reviews of operational portfolios identifying opportunities to reduce costs, increase revenues and remove risks all aligned to your business objectives. The majority of our team have worked ‘in-house’ for large corporates as well as other organisations so we understand both the pressures and the opportunities available to business managers tasked with delivering performance in tough climates. We help you identify and evaluate the options in the wider business context.
If you would like to find out how such a reviews can identify active asset management oportunities contact us now on 07710 031477 or 0870 242 0472.
Posted March 19, 2012 by Andrew Pegg
The Government is calling for more investment in roads to ease congestion and improve business productivity. The Environmentalists call for more investment in affordable public transport and reducing the reliance on overseas fossil fuels. All of these things will take time to bring about and will not help your business and individuals today. Are the proponents missing a trick? Are you?
At Midas we explore how organisations, teams and individuals can work more effectively without significant capital investment. This could include enabling the staff to work flexibly, to have better communication and collaboration tools and to be trained in improved time and meeting management. It may mean having a variety of meeting-room and working formats at a central or satellite location that means that unnecessary journeys and down-time can be minimised.
If you would like to explore your options for effective remote or flexible working then contact us today for an initial discussion.
