Sunday, 28 February 2010

RBS £3.6b loss and The Futon Shop.

Here we are at our financial year end for the 2009 / 2010 year and, following the challenging times we have all had of late, I'm pleased to say that, on initial inspection, it looks like we're on the up! Interesting discussions have been had around our breakfast table following the reported £3.6b loss by RBS. We reckon that means they lost £190 per second over the year.....I don't think I could burn the money that quickly. This matter has been interesting for us as, 18 months ago, RBS would not advance us around £3k to finance less than 40% of the purchase price for our new van (thankfully Lloyds TSB, our bankers, helped out!), and yet this year, I can confidently say, we have financially out-performed the once mighty RBS, despite them receiving a massive bail-out from the public purse! It certainly gives you something to think about. Whilst I have a great deal of sympathy for the employees of RBS, you cannot help but feel that somewhere at the top of the tree someone needs 'showing the door' as quickly as possible! Anyway, life goes on at the Futon Shop, we are looking forward to expanding our activities over the coming year and maintaing the most important factor for us; happy customers.
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