Who runs a business and how's trade?

E-commerce, 30-40% down on last year and down even on pre-Covid figures.

People I network with in e-commerce - but specialising in different products and niches - are reporting the same thing, some even further down than us.

Pretty grim. Seems like a lot of people are really feeling things now and have less money in their pockets for discretionary purchases.
 
gandalfthebrave said:
E-commerce, 30-40% down on last year and down even on pre-Covid figures.

People I network with in e-commerce - but specialising in different products and niches - are reporting the same thing, some even further down than us.

Pretty grim. Seems like a lot of people are really feeling things now and have less money in their pockets for discretionary purchases.
Click to expand...
We and a lot of our clients dont have any bookings for next year yet and the majority of this years bookings were almost last minute. Average figures for date of booking to date of holiday commencement has dropped from nearly 6 months to just 6 days for this year, next year could be really interesting.
Going to check our gas bill for work today, we are a big user, as one restaurant is shutting its doors and a pub in town is thinking about it.
 
Still bouyant here in the world of architecture. This isn't like the last recession, where there was no money in the system. There's money though inflation in land and construction cost is starting to take its toll on bottom line for some developers, who are having to think hard about pushing the button to start on site.

Keeping a paranoid eye on where this is going, though once someone's seen off Putin we're hoping for a surge in business.

Either that or we'll all be wiped out by nukes and we'll never win the chumps' league...
 
I do property maintenance. Mainly very high end stuff.
However i do keep a mix of all price range houses.
Seems to have served me well, and i've never been busier.
I had Covid last week and to be honest, i was glad of the break!
 
We have a small garden centre and things in lockdown were crazy busy because people coulnd't do much else, but that brought its own problems with supply
This year back to normal, Brexit brings further supply problems but we are anticipating further slowdown as people cut down spending
We are lucky as we don't need much trade to live on, no mortgage, kids off etc - we are doing it as much for the interest and lifestyle really
 
Passed on my small light haulage/Courier business to my blue mate in August, just the two of us but business was about 70% of even Covid levels. We transported mainly small aircraft parts (a lot of test pieces) for the end user Rolls Royce who carried on with R&D right through the pandemic.

I do the admin for my mate and turnover is still down. November 3rd is a key date when the Bank of England publishes its Monetary Policy statement which will determine interest rates and have an effect on the economy.

The Skipton and Virgin Money have pulled the plug on Mortgages at the moment and other Lenders are imposing punitive rates on those with even average credit ratings, my mate (a Financial Adviser) got a quote of 9% for a client who had late mortgage payments on his credit file, something not seen since the early 2000’s.

Tough Times

www.reuters.com

UK's Virgin Money, Skipton temporarily withdraw mortgage products - emails to brokers

British lenders Virgin Money and Skipton Building Society on Monday temporarily withdrew their mortgage ranges for new customers because of the volatility in sterling funding markets, according to emails sent to brokers.
www.reuters.com www.reuters.com
 
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