Gary Wallace, managing director, Wallace Print Group "It is in the diary as something to look in to; the last thing I want is for it be introduced by stealth so it’s something I know I can’t hide from. But at the same time it does get put to the back of the mind. What I would do with something like this is study the figures, calculate what it will mean for us, build it into the cashflow and then work back. I would definitely want it sorted sooner rather than later – I don’t like nasty surprises. I know I probably won’t be affected until 2014, but we are only seven months off 2012 and time flies."
Nigel Anderson, managing director, Alchemy "I think I will leave this with my accountant. Until he asks to sit down and discuss it with me, I won’t even be looking at it, although I am well aware that it is going to happen. It is just another overhead and at the end of the day somebody is going to have to pay for it. If it does affect the bottom line I may have to put my prices up accordingly because I refuse to be one of these companies that is not making a profit."
Trevor Price, managing director, 21 Colour "I didn’t realise that we had an extra two years, being a company of just under 50 employees, I thought it would be coming in next year. We are cutting through the process to see how it will affect cost structure. It is all about margin creation; we will have to find costs to cut elsewhere. The only way to survive is to cut the fixed cost of the business, every company should be doing things differently now compared to how it used to. We can’t continue as we were five years ago."
Gary Wallace, managing director, Wallace Print Group "It is in the diary as something to look in to; the last thing I want is for it be introduced by stealth so it’s something I know I can’t hide from. But at the same time it does get put to the back of the mind. What I would do with something like this is study the figures, calculate what it will mean for us, build it into the cashflow and then work back. I would definitely want it sorted sooner rather than later – I don’t like nasty surprises. I know I probably won’t be affected until 2014, but we are only seven months off 2012 and time flies."
Nigel Anderson, managing director, Alchemy "I think I will leave this with my accountant. Until he asks to sit down and discuss it with me, I won’t even be looking at it, although I am well aware that it is going to happen. It is just another overhead and at the end of the day somebody is going to have to pay for it. If it does affect the bottom line I may have to put my prices up accordingly because I refuse to be one of these companies that is not making a profit."
Trevor Price, managing director, 21 Colour "I didn’t realise that we had an extra two years, being a company of just under 50 employees, I thought it would be coming in next year. We are cutting through the process to see how it will affect cost structure. It is all about margin creation; we will have to find costs to cut elsewhere. The only way to survive is to cut the fixed cost of the business, every company should be doing things differently now compared to how it used to. We can’t continue as we were five years ago."
