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In this very uncertain economic climate, it is interesting for anyone owning or operating a business to see how other companies in their market or region are performing, good or bad. With this in mind I thought I would comment, over a number of weeks, on how we are finding the current conditions, the problems and challenges we are facing and our general outlook and opinion of the future for Barker Group.
I will explain our development in the last few years, the troubles we experienced following a disastrous event that nearly caused the business to fold. How we staved off disaster and got back to profit. The good and the very bad decisions that I made during our recovery and how, using what I’ve learnt from the troubled last few years, we plan to grow profits over the next few years.
I think it is important to explain the developments of Barker Group in the last few years. If you are interested, this blog chronicles the history of the company and how I entered the family business in 1990. I bought the company in 2000 and spent the following five years building our network of agents throughout central Southern England and Greater London. Our turnover grew from £1M to £2.4M. Profitability increased accordingly and we greatly reduced our borrowing. We were extremely healthy, everything looked good but then disaster struck one September afternoon in 2005.
Please visit us over the next few weeks to read more.
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