Watching Newsnight night last night the economic discussion highlighted that the UK has been out of recession for over a year. Talking up the economy is fine but what does that mean for SMEs and ordinary folk? We think that for some there has been no light at the end of the tunnel and for many working people the worst is yet to come.
TeesADS started the financial year with a plan to widen our client base and broaden our portfolio with more design work for print, more direct customers and more SEO work. This has been a successful strategy in these difficult times and vital in maintaining the business. In August an important regular client of ours ceased trading and yesterday another regular client informed us they could not pay their bill. It is sad that two local business have gone to the wall.
In both cases we designed and hosted many of their clients' websites. In the vast majority of cases we continue to do so and have taken over the management of those companies web portfolios. The bizarre outcome of these two companies declining is that it has strengthened our portfolio and client base. Hopefully when the worst of the economic situation is over those of us still here will be in a much stronger position.
We wish those involved in the failed companies well and hope they bounce back.
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