Just been speaking to my financial controller. The effect on property service companies is likely to be enormous, especially those with a high percentage of turnover related to transactions (sales & lettings, valuations on the back of purchases and such like). We could see a significant reduction in turnover, although hopefully at least 60% of the business is recurring work.
Our first step will be a 25% reduction in salaries from 1st April across the board.... It's either that or lose staff. Horrifying, I don't want to do it, especially the majority of the staff who are hard working and dedicated. But if they want to have jobs in 2021, they have to accept (as do I) there will be hardships for a period.
What a nightmare. I can't even be there to deliver the bad news. I'll try to do it via video link.
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Coronavirus - Volume 5 new |
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VxFan |
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15 Mar 20 20:32 |
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Coronavirus - Volume 4 new |
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legacylad |
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14 Mar 20 21:17 |
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Coronavirus - Volume 4 new |
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No FM2R |
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14 Mar 20 21:19 |
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Coronavirus - Volume 4 new |
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legacylad |
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14 Mar 20 21:48 |
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Coronavirus - Volume 4 new |
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Robin O'Reliant |
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14 Mar 20 21:49 |
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Coronavirus - Volume 4 new |
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zippy |
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14 Mar 20 22:03 |
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Coronavirus - Volume 4 new |
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legacylad |
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14 Mar 20 22:04 |
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Coronavirus - Volume 4 new |
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No FM2R |
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14 Mar 20 22:40 |
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Coronavirus - Volume 4 new |
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No FM2R |
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14 Mar 20 22:38 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 06:30 |
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Coronavirus - Volume 4 new |
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Zero |
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15 Mar 20 06:57 |
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Coronavirus - Volume 4 new |
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Bromptonaut |
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15 Mar 20 08:20 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 08:28 |
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Coronavirus - Volume 4 new |
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smokie |
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15 Mar 20 09:59 |
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Coronavirus - Volume 4 new |
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CGNorwich |
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15 Mar 20 10:00 |
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Coronavirus - Volume 4 new |
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sherlock47 |
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15 Mar 20 10:19 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 17:48 |
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Coronavirus - Volume 4 new |
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Netsur |
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15 Mar 20 18:26 |
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Coronavirus - Volume 4 new |
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No FM2R |
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15 Mar 20 18:36 |
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Coronavirus - Volume 4 new |
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Netsur |
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15 Mar 20 18:47 |
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Coronavirus - Volume 4 new |
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smokie |
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15 Mar 20 18:51 |
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Coronavirus - Volume 4 new |
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smokie |
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16 Mar 20 09:56 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 18:58 |
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Coronavirus - Volume 4 new |
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zippy |
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15 Mar 20 19:57 |
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Coronavirus - Volume 4 new |
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VxFan |
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15 Mar 20 20:47 |
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Coronavirus - Volume 4 new |
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No FM2R |
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15 Mar 20 20:48 |
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Coronavirus - Volume 4 new |
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Zero |
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15 Mar 20 21:09 |
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Coronavirus - Volume 4 new |
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Zero |
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15 Mar 20 20:59 |
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Coronavirus - Volume 4 new |
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CGNorwich |
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15 Mar 20 22:33 |
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Coronavirus - Volume 4 new |
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Zero |
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15 Mar 20 22:37 |
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Coronavirus - Volume 4 new |
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CGNorwich |
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15 Mar 20 22:50 |
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Coronavirus - Volume 4 new |
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Rudedog |
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15 Mar 20 17:28 |
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Coronavirus - Volume 4 new |
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tyrednemotional |
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15 Mar 20 17:40 |
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Coronavirus - Volume 4 new |
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Manatee |
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15 Mar 20 18:50 |
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Branson bail out new |
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Manatee |
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15 Mar 20 18:59 |
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Branson bail out new |
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No FM2R |
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15 Mar 20 19:11 |
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Branson bail out new |
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Zero |
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15 Mar 20 19:42 |
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Branson bail out new |
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No FM2R |
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15 Mar 20 20:06 |
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Branson bail out new |
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sooty123 |
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15 Mar 20 20:09 |
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Branson bail out new |
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No FM2R |
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15 Mar 20 20:16 |
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Branson bail out new |
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Zero |
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15 Mar 20 20:39 |
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Branson bail out new |
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No FM2R |
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15 Mar 20 20:41 |
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Branson bail out new |
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Zero |
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15 Mar 20 20:49 |
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Branson bail out new |
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Zero |
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17 Mar 20 20:15 |
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Branson bail out new |
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Lygonos |
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15 Mar 20 22:03 |
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Coronavirus - Volume 4 new |
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No FM2R |
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15 Mar 20 19:14 |
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Coronavirus - Volume 4 new |
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Zero |
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15 Mar 20 19:43 |
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Coronavirus - Volume 4 new |
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tyrednemotional |
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15 Mar 20 20:02 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 20:11 |
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Coronavirus - Volume 4 new |
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legacylad |
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15 Mar 20 20:14 |
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Coronavirus - Volume 4 new |
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No FM2R |
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15 Mar 20 20:35 |
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Coronavirus - Volume 4 new |
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tyrednemotional |
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15 Mar 20 20:43 |
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Coronavirus - Volume 4 new |
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No FM2R |
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15 Mar 20 21:14 |
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Effect on business close to home new |
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Netsur |
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15 Mar 20 21:02 |
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Effect on business close to home new |
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No FM2R |
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15 Mar 20 21:13 |
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Effect on business close to home new |
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zippy |
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15 Mar 20 23:08 |
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Coronavirus - Volume 4 new |
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Kevin |
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15 Mar 20 23:06 |
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Wuhan: Life under Lockdown (BBC tonight) new |
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Manatee |
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15 Mar 20 23:12 |
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Wuhan: Life under Lockdown (BBC tonight) new |
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Lygonos |
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16 Mar 20 00:16 |
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CV, simulations of spread. new |
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sherlock47 |
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16 Mar 20 08:28 |
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CV, simulations of spread. new |
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Manatee |
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16 Mar 20 10:27 |
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CV, simulations of spread. new |
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smokie |
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16 Mar 20 11:43 |
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CV, simulations of spread. new |
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legacylad |
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16 Mar 20 12:09 |
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CV, simulations of spread. new |
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Dog |
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16 Mar 20 13:13 |
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CV, simulations of spread. new |
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helicopter |
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CV, simulations of spread. new |
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Dog |
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CV, simulations of spread. new |
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martin aston |
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16 Mar 20 16:42 |
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CV, simulations of spread. new |
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smokie |
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16 Mar 20 16:49 |
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CV, simulations of spread. new |
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CGNorwich |
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16 Mar 20 16:56 |
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CV, simulations of spread. new |
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Bromptonaut |
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16 Mar 20 17:14 |
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CV, simulations of spread. new |
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smokie |
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16 Mar 20 17:35 |
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CV, simulations of spread. new |
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tyrednemotional |
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16 Mar 20 18:59 |
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CV, simulations of spread. new |
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Manatee |
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16 Mar 20 19:56 |
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CV, simulations of spread. new |
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PeterS |
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16 Mar 20 16:56 |
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One Bit of Good News new |
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zippy |
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16 Mar 20 09:35 |
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One Bit of Good News new |
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smokie |
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16 Mar 20 09:50 |
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One Bit of Good News new |
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BiggerBadderDave |
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16 Mar 20 09:57 |
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One Bit of Good News new |
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Dog |
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16 Mar 20 11:09 |
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One Bit of Good News new |
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Robin O'Reliant |
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16 Mar 20 11:20 |
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Coronavirus -self isolation new |
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henry k |
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16 Mar 20 17:43 |
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Coronavirus -self isolation new |
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Zero |
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16 Mar 20 17:45 |
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Coronavirus -self isolation new |
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Zero |
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16 Mar 20 17:46 |
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Coronavirus -self isolation new |
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VxFan |
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16 Mar 20 19:32 |
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Coronavirus -self isolation new |
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smokie |
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16 Mar 20 17:50 |
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Coronavirus -self isolation new |
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henry k |
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16 Mar 20 18:10 |
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Coronavirus -self isolation new |
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Robin O'Reliant |
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16 Mar 20 18:31 |
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Coronavirus -self isolation new |
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Dog |
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16 Mar 20 19:32 |
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Coronavirus -self isolation new |
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smokie |
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16 Mar 20 19:46 |
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Coronavirus Boris presents... new |
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sherlock47 |
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16 Mar 20 18:38 |
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Coronavirus - Volume 5 new |
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Bobby |
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16 Mar 20 20:03 |
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Coronavirus - Volume 5 new |
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smokie |
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16 Mar 20 20:11 |
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Coronavirus - Volume 5 new |
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CGNorwich |
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16 Mar 20 20:26 |
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Coronavirus - Volume 5 new |
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Kevin |
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16 Mar 20 23:45 |
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Coronavirus - Volume 5 new |
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Bobby |
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16 Mar 20 20:31 |
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Coronavirus - Volume 5 new |
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zippy |
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16 Mar 20 20:33 |
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Coronavirus - Volume 5 new |
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Bobby |
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16 Mar 20 20:45 |
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Coronavirus - Volume 5 new |
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Zero |
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16 Mar 20 21:59 |
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Coronavirus - Volume 5 new |
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Bobby |
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16 Mar 20 22:05 |
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Coronavirus - Volume 5 new |
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legacylad |
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16 Mar 20 20:31 |
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Coronavirus - Volume 5 new |
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Bobby |
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16 Mar 20 20:32 |
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Coronavirus - Volume 5 new |
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Roger. |
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16 Mar 20 20:59 |
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Coronavirus - Volume 5 new |
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Lygonos |
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16 Mar 20 21:16 |
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Coronavirus - Volume 5 new |
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Robin O'Reliant |
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16 Mar 20 21:30 |
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Coronavirus - Volume 5 new |
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legacylad |
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16 Mar 20 21:49 |
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Coronavirus - Volume 5 new |
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Roger. |
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16 Mar 20 22:10 |
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Coronavirus - Volume 5 new |
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zippy |
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16 Mar 20 22:37 |
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Coronavirus - Volume 5 new |
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smokie |
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16 Mar 20 23:15 |
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Coronavirus - Volume 5 new |
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zippy |
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16 Mar 20 23:27 |
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Coronavirus - Volume 5 new |
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Zero |
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16 Mar 20 23:32 |
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Coronavirus - Volume 5 new |
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PeterS |
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17 Mar 20 02:39 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 07:42 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 07:44 |
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Coronavirus - Volume 5 new |
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Rudedog |
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17 Mar 20 10:12 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 14:58 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 12:04 |
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Coronavirus - Volume 5 new |
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Manatee |
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17 Mar 20 13:26 |
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Coronavirus - Volume 5 new |
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Manatee |
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17 Mar 20 13:35 |
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Coronavirus - Volume 5 new |
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smokie |
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17 Mar 20 14:07 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 14:10 |
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Coronavirus - Volume 5 new |
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smokie |
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17 Mar 20 14:16 |
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Coronavirus - Volume 5 new |
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Haywain |
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17 Mar 20 21:28 |
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Coronavirus - Volume 5 new |
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Bromptonaut |
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17 Mar 20 13:45 |
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Coronavirus - Volume 5 new |
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Robin O'Reliant |
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17 Mar 20 14:24 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 15:03 |
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Coronavirus - Volume 5 new |
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Lygonos |
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17 Mar 20 15:15 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 15:54 |
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Coronavirus - Volume 5 new |
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PeterS |
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17 Mar 20 15:58 |
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Coronavirus - Volume 5 new |
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Bromptonaut |
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17 Mar 20 16:36 |
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Coronavirus - Volume 5 new |
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Duncan |
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17 Mar 20 22:37 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 16:39 |
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Coronavirus - Volume 5 new |
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zippy |
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17 Mar 20 16:49 |
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Coronavirus - Volume 5 new |
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Manatee |
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17 Mar 20 17:45 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 17:48 |
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Coronavirus - Volume 5 new |
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zippy |
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17 Mar 20 19:05 |
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Coronavirus - Volume 5 new |
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Manatee |
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17 Mar 20 20:02 |
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Coronavirus - Volume 5 new |
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zippy |
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17 Mar 20 20:08 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 20:09 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 20:18 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 20:22 |
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Coronavirus - Volume 5 new |
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zippy |
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17 Mar 20 20:35 |
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Coronavirus - Volume 5 new |
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sooty123 |
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17 Mar 20 20:37 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 20:47 |
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Coronavirus - Volume 5 new |
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Haywain |
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17 Mar 20 20:34 |
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Coronavirus - Volume 5 new |
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No FM2R |
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17 Mar 20 21:08 |
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Coronavirus - Volume 5 new |
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Robin O'Reliant |
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17 Mar 20 21:26 |
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Coronavirus - Volume 5 new |
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Haywain |
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17 Mar 20 21:34 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 21:33 |
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Coronavirus - Volume 5 new |
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legacylad |
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17 Mar 20 22:13 |
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Coronavirus - Volume 5 new |
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legacylad |
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17 Mar 20 22:20 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 22:26 |
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Coronavirus - Volume 5 new |
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helicopter |
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17 Mar 20 22:27 |
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Coronavirus - Volume 5 new |
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Zero |
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17 Mar 20 22:25 |
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