Posted 09 October 2012
The economic forecasts for UK are grim and I await the next few months with a mixture of fear and optimism. We are now entering uncharted territory. The recessions of the seventies and eighties were slow to start in comparison to the situation we find ourselves in today, partly due to the media now conveying information so quickly.
Lack of business, or poor credit control and bad debt are probably the biggest threats to the survival of most businesses. We recognise some of our customers are going to have difficulties and we will do what we can to help them.
With credit insurance in place we recognise we risk losing some orders because customers have reached their credit limits or balances are overdue. We recently lost more money in one week than we lost in the year as a whole.
Things are likely to get worse before they get better though, and my optimism comes from the opportunities and challenges that will be created.
With customers needing product quickly to meet immediate demands, we are deliberately increasing our stock levels to ensure next working-day delivery on an even wider range of products.
Exports have increased significantly this year with the hard work of the past few years on major projects paying off. We are continuing to expand our sales force with further recruitment in both export and UK sales. As always if you have any comments regarding our products and services please email feedback@fscables.com
Yours,
Jon