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Firm closing


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4 minutes ago, Passing Time said:

Safe money is on the Stanley in Ramsey...

Along with the Central, the Brit, the Vic, the Crown, the Bridge, the Peveril, the Grand Island, the Antrim, the Vahalla, the Saddle etc

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16 hours ago, Manxman1234 said:

Oscars? It appears to be closed more than open these days. 

Won't be Oscars. 

Know the landlord and it's mental busy in there at weekends. More than covers their costs. They are also open until late as well so get those who want to stay out but don't want to go to 1886. 

Edited by jackwhite
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3 hours ago, Amadeus said:

A post on social media says the business was going from 'strength to strength' before the pandemic, but an 'unimaginable rise in inflation' has seen input costs 'at best doubled and at worst six times higher'.

The word that springs to mind is "Next!"... not the brand but the next small local business that is circling the drain. 

Inflation now CPI 9.1% up on last months 9.0%... April will be a doozy. Last year, it leapt from 6.3% to 9.0% (+3.3%) so it could potentiall go as high as 12.3%

Or another way in the last 2 years CPI prices have risen 16.5%.

RPI @ 10.8% up on last months 10.2% ... last year April jumped from 7.3% to 10.4% (3.1%) so potentially 13.9% this year.

2 years RPI prices have risen 18.8%

With MUA price hike, MT price hike, petrol prices rising as oil prices start to rise, all to land next month, doesn't look like it'll be coming down any time soon.   

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2 minutes ago, CallMeCurious said:

A post on social media says the business was going from 'strength to strength' before the pandemic, but an 'unimaginable rise in inflation' has seen input costs 'at best doubled and at worst six times higher'.

The word that springs to mind is "Next!"... not the brand but the next small local business that is circling the drain. 

Inflation now CPI 9.1% up on last months 9.0%... April will be a doozy. Last year, it leapt from 6.3% to 9.0% (+3.3%) so it could potentiall go as high as 12.3%

Or another way in the last 2 years CPI prices have risen 16.5%.

RPI @ 10.8% up on last months 10.2% ... last year April jumped from 7.3% to 10.4% (3.1%) so potentially 13.9% this year.

2 years RPI prices have risen 18.8%

With MUA price hike, MT price hike, petrol prices rising as oil prices start to rise, all to land next month, doesn't look like it'll be coming down any time soon.   

Inflation in UK forecast to be down below 4% by year end so should follow through here. Not many people could afford Christian Couture so it’s not going to impact general population 

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Drone survey:Isle of man.

Thoughts?  Sounds like someone throwing their toys out of the pram tbh.

We were involved in a public tender (surveying Kirk Micheal coastal area), 3 Manx companies and 2 UK companies submitted their tenders. There was a section 'Local Economic Factors' which is weighed 10% towards the final tender. All 3 Manx companies scored 3 / 5, the UK company which won the tender scored 4 / 5! 

This is despite Manx companies paying Manx taxes, employing Manx workers who pay Manx taxes, and spend their earnings locally which attracts VAT and further taxes. A UK company, it would perhaps fly in on Easy Jet and stay at a hotel for a few days, we question that they should score any more than 0 / 5, almost all money from a tender is taken off island in such instance, there is next to zero local economic advantage. 

This has taught us the Manx Government does not want to support local high-tech companies, which because of our locality, we have no chance of competing for contracts in the UK, the travel and stay arrangements put us at a disadvantage. Yet our advantage of being already on the island, with higher living costs are not even reflected in the one aspect of the tender where it should have been.

As such we will be shutting all operations and dissolving the company and equipment, we cannot exist in an environment with such odds against us.”

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