howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#1
Guest 640- Registered: 21 Apr 2007
- Posts: 7,819
#2
Here we are back with the "vulnerable groups" again. We have spoken on the Kodak thread about eras passing leaving companies high and dry...surely the Post Office is a company out of its time in so many ways, and clearly will experience diminishing returns in the years ahead as it has done already. It is mostly used by business now sending out bills and mailshots so the 55p will hardly send the population reeling. The same population have long since migrated to email and/or texting unless sending a birthday card or something.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#3
Blimey - my newsletter posting alone is going to top £90 on postage alone every three months. I spend a lot on post, going to have to budget more. Not good news but what I resent most is the delivery service standards and not getting my business post much before midday, that effectively delays by 24 hours dealing with any issues that arise in it.
Guest 641- Registered: 12 Mar 2008
- Posts: 2,335
#4
Definitely a case of shooting yourself in the foot, taking into account that there was a 20 per cent drop received in sorting offices this last Christmas, to increase second class mail by 53 per cent when you are trying to recoup lost mailings is just plain daft.
Royal Mail are closing all sorting offices in Kent and merging them into one big 'Mega Sorting Office' in Rochester this August and that's just this county. So there will be large savings on staff reductions and maintenance on delivery offices nationwide, a bit greedy methinks.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#5
They really do have a problem with their business model. They have been trying to deal with their problems by cost cutting in ways that reduce service levels while increasing prices. That does not work, it is a real dilemma.
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#6
they make a million a day profit as things stand, yet they reduce frontline services.
doubtless barry will be stockpiling stamps well before the new prices come in.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#7
Ah Howard - please define that profit and what it is as a return on the capital deployed and as a percentage of turnover. These are important considerations. A £300,000,000 profit may be considered huge if the turnover was £500,000,000, but if the turnover was £20,000,000,000 then they would be in serious difficulties on a margin that could disappear in a blink of an eyelid. I do not know, do you?
Guest 651- Registered: 12 Mar 2008
- Posts: 5,673
#8
£9,156m turnover last year with a £258m loss
Been nice knowing you :)
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#9
A £258m loss then.....Not exactly a '"1m a day' profit as Howard said... your source Howard seems to have got their numbers very wrong or ignored a minus sign then forgot how many days there are in a year....
howard mcsweeney1- Location: Dover
- Registered: 12 Mar 2008
- Posts: 62,352
#10
no barry the figures refer to the last 6 available months.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
#11
Not the same thing then Howard. 'Profit' in those terms is not real tangeable profit.
Guest 651- Registered: 12 Mar 2008
- Posts: 5,673
#12
Royal Mail Group Annual Report
Been nice knowing you :)
Been nice knowing you :)