Norbain Financial Performance and UK Market

Author: John Honovich, Published on May 11, 2010

Norbain's financial results and recent comments identify challenges both for the UK market and for traditional suppliers. According to financial reports from Company House, Norbain's revenue fell 13.1% from Q1 2008 to Q1 2009 (from 139 Million GB Pounds down to 121 Million GB Pounds). These were the most recent publicly disclosed financial documents. From Norbain's comments below, this drop has continued or accelerated in the last 12 months.

A May 2010 interview confirms those challenges and provides commentary from Norbain's CEO. In the 12 minute interview, key comments made include:

  • **** ********* ******* **** *** ********* ***** ** **** ***** than ******** *********** (******* ******) *** ** *** ****** *** * *** ***** **** even **** *******
  • "** ****** *** **** ****** ********"
  • "***** ***** ** **** **** **** ******* ***** ****-*** ********"
  • "****** ********* ** ********* * **% **** ** *** **** market ... ** *** **** ** ******" [****: **** ** generally **** *** ****** **********]
  • "*********** ***** *******"
  • "********* ******** **** **** **** ******** *** *** **** ****** or **** *****"
  • ****** ****, "** **** **** * ** * ****** ***** on *** ***** **** *** ******** ... ****** ****** ****** half ** *** ****"
  • "****** ****** ******** ****** ******* **** * ******" ** **

** *** * ****** ****** ** *** ********* ******** *****, the ********** ***** ** ********* *********** *** *** ** / European ******.

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