Reseller has 'hard calls' to make after profits plunge

Trevor Treharne
clock • 2 min read

'Classic case of a buy-and-build VAR approaching triple-digit revenues and then stalling,' says analyst

K3 Business Technology Group has some tough decisions to make after posting a sizable pre-tax loss, according to one analyst. The AIM-listed firm said today that it made a pre-tax loss of £9.7m ...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
K3 narrows losses after selling off Sage business

Financial and Reporting

K3 narrows losses after selling off Sage business

The business has posted its 2021 financial results

clock 05 April 2022 • 1 min read
K3 sells Sage business to Pinnacle Computing for £1.68m

Reseller

K3 sells Sage business to Pinnacle Computing for £1.68m

Chairman Tom Crawford says the reseller "is more streamlined, market-focused and strategically better positioned" after recent sales

clock 20 September 2021 • 1 min read

People

K3 on the hunt for new CEO

Adalsteinn Valdimarsson departs after five years with the cloud services provider

clock 05 March 2021 • 1 min read
Trevor Treharne
Author spotlight

Trevor Treharne

View profile
More from Trevor Treharne

CCS unveils timetable for G-Cloud 10

Further Maplin redundancies as search for buyer continues

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

Get the newsletter

More on Reseller

Xperience Group CEO: 'We're on course for £40m by 2025'
Reseller

Xperience Group CEO: 'We're on course for £40m by 2025'

CRN caught up with Iain O'Kane to hear what’s changing in the business and how the gap between MSP services and business applications is narrowing

Kelsey Rees
Kelsey Rees
clock 24 April 2024 • 4 min read
Core Technology Systems acquires Velocity IT for skills, teases potential future buyouts
Reseller

Core Technology Systems acquires Velocity IT for skills, teases potential future buyouts

The acquisition adds around 16 people to the group.

Victoria Pavlova
clock 23 April 2024 • 2 min read
Ampito Group earns EcoVadis bronze medal for sustainability
Reseller

Ampito Group earns EcoVadis bronze medal for sustainability

The rating places Ampito in the top 35 per cent of companies assessed

Kelsey Rees
Kelsey Rees
clock 23 April 2024 • 1 min read