Industry News
LinuxIT CEO Comments on Plimsolls prediction of a bloodbath in 2010
Released on: 06 Nov 09
Released on: 06 Nov 09
The New Year will see a spike in business failures as one in four UK resellers ends the year in financial strife.
That is the verdict of analyst house Plimsoll, which warned that weak firms that have clung on through the downturn may run out of time just as the recovery begins to take hold.
Some 261 of the 1,000 firms analysed were judged to be in financial
difficulty.
Almost one in eight (124) were classed as ‘serial loss-makers’ who are in the
red for a second year running.
LinuxIT Europe Ltd, London +44 (0)208 899 6138 Bristol +44 (0)1454 333001
"As an IBM Business Partner Leader for Linux, LinuxIT has made significant contributions." Cliff Brereton
IBM Linux Sales Manager