Northamber hints at strategy shake-up

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Northamber hints at strategy shake-up

Microscope contributor

Northamber is unhappy with declining support levels available from some of its vendors and has affirmed that it will put "a higher level of focus" on "supportive partners", paving the way for an imminent shake-up.

This came as the firm unveiled an interim trading statement for its third quarter ending 31 March, showing that the "significant" declines in turnover it experienced during the first half of its fiscal 2009 had continued into Q3.

Earlier in the year, the Surrey-based distributor made a pre-tax loss of £304,000, its first since the recession of the early '90s.

"There seems little doubt that it may take some time before there is any noticeable upturn in the sector, therefore it would be wrong of me to be optimistic," said chairman Dave Phillips at the time.

"That degree of pessimism was not unwarranted within the UK economy and given the somewhat discretionary nature of our product and services offerings," Phillips said in today's statement.

Northamber pointed out that it had contained its pre-tax loss for the year so far to just 0.3% of sales and said it remained cash positive, with a total balance of £13.2m.


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