Friday, September 10, 2010

Not just any Financial Statement

We appreciate in most circumstances a Business Financial Statement is nothing to get excited about.... in fact I’ve heard comments along the lines of “I would rather read the Yellow Pages”. But we believe a bit like the Carlsberg adverts “Carlsberg don’t write Management Reports but if they did it would probably be the best Financial Report in the World” or the Marks and Spencer advert “not just any Financial Report, Marks and Spencer Financial Report” we believe our Chairman’s annual statement makes our report somewhat of an exception to the rule.

We’re pleased to announce that the next thrilling chapter of the Atlas Financial Statements has been submitted to the powers that be at Companies House. Over the years we have received a lot of feedback from people who have enjoyed reading the frank and witty writing style of our Group Managing Director in his Chairman’s report. We have Directors from companies whose projects were completed many years ago who still continue to keep a close eye and eagerly await John Butler’s next release. Who can forget John’s scathing attacks on the HMRC over their approach to R&D.

His Atlas Business Group of Companies plc report for year ended 31 December 2009 doesn’t disappoint. Just one of the paragraphs in his introduction includes comments about the Watford Gap, Quantitative Squeezing, Isambard Brunel and guillotines! I might be wrong but I suspect this could be a World’s first where these topics have all been referenced in the same paragraph in any document never mind a Financial Statement. If you didn’t already know John you would be forgiven in wondering what all of this has to do with a Systems Integration company, but John delivers this and brings it all together in his own unique way. I don’t want to spoil your reading but other highlights to wet your appetite include references to the Andrew Marr show, the England versus Slovenia World Cup match and the 2012 London Olympics!

In brief the report has a happy ending highlighting a 50% revenue increase for the 12 months January to December 2009 versus the same period in 2008, as well as a slight 5% improvement in our gross margin. John does however warn that there are numerous external circumstances that could affect all UK businesses and how we perform over the next 12 months, not least Mr Osborne’s budget and the risk of a double dip recession.

What are you waiting for?? Take a look at the report now!!  http://www.atlasbiz.com/docs/A027Dated2009consaccounts.pdf

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