PRESS RELEASE
75% of UK Organisations will Prosper During Economic Downturn

the credit crunch14 August 2008 – 75% of UK organisations will prosper during the economic downturn according to a poll carried-out by UK business management and information systems provider, COA Solutions. Managing Directors, Financial Directors, and Financial Controllers from 100 UK public and private sector organisations completed the poll and 75% stated that their businesses will prosper during the downturn. 25% do not think their organisations will flourish during the economic slump.

Mark Thompson, Managing Director of COA Solutions says, “With so much talk of the devastating impact the credit crunch is having on UK business, these finding are encouraging, indicating that UK senior management have confidence that their organisations will not only ride-out the credit crunch but will profit from it.”

Of the 25% of senior management who do not believe their organisations will flourish during the downturn, the majority of these companies are not-for-profit organisations, manufacturers and property developers.

Thompson adds, “There is no denying that the credit crunch is being felt by businesses throughout the UK, however, organisations can survive it and can even take advantage of it as long as they have the right strategies, processes and systems in place. The bottom line is that there is always money to be made, even in a credit crunch.”

COA Solutions is hosting an Executive Briefing for senior finance professionals on 18 September 2008 at the ICAEW in London, to help businesses profit from the descending economy. Using practical examples, well-known financier and venture capitalist, Jon Moulton, will discuss the essentials of cash control, setting the right pace of action and exploiting weak competition and suppliers. Finance professionals can register at www.moulton-speaks.com

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