Harman Technology Limited financial performance 2005-2016

[klownshed]

Amazing that the USA permits individuals to keep secret their financials. Simply amazing.

Individuals in the Uk don’t have to disclose anything. It’s called ‘Companies House’ for a reason.

What is amazing/scandalous is that the POTUS hasn’t been compelled to disclose his financials/conflicts of interest.

 

[RattyMouse]

Individuals in the Uk don’t have to disclose anything. It’s called ‘Companies House’ for a reason.

What is amazing/scandalous is that the POTUS hasn’t been compelled to disclose his financials/conflicts of interest.

I understand, you don't have truly private companies in the UK. I'm glad we don't have that here in the US.

And contrary to common understanding, there is NO law in the US that requires a president to disclose his finances. None. I do not agree with that and think that there should be.

 

[klownshed]

...And contrary to common understanding, there is NO law in the US that requires a president to disclose his finances. None. I do not agree with that and think that there should be.

Exactly my point. Things may changed after he’s locked up. Chances are he would not have been allowed to take office had his financial activity been properly investigated in advance. It’s hard to properly hide all of those Rubels. ;-)

 

[klownshed]

Joking aside, as a small business owner in the UK I see more positives than negatives in having company data available to all at companies house.

For example It helps us decide how risky providing credit to customers would be and we subscribe to a service that alerts us to potential problems with customers or suppliers. It’s very useful.

 

[railwayman3]

l

Joking aside, as a small business owner in the UK I see more positives than negatives in having company data available to all at companies house.

For example It helps us decide how risky providing credit to customers would be and we subscribe to a service that alerts us to potential problems with customers or suppliers. It’s very useful.

As a professional accountant, I also find the Companies House service in providing accounts and data very useful, particularly now that on-line searches and copies are free of charge. For smaller companies, accounts can have limitations, usually being abbreviated or somewhat out-of-date, but the info on shareholders, directors, loans, etc. is often helpful. (Also, on old companies, forms can have some historic interest....e.g. copies of the original documents when Kodak Ltd was registered, 100+ years ago.)[/QUOTE]

 

[Wallendo]

It appears that currently on 10% of Harman's business is domestic, around 25% from the EU, and over 60% from the rest of the world (just eyeballing the graph).

Brexit could have a major impact on the company. There will likely be higher tariffs for EU sales.

Obama informed the UK during the Brexit campaign that a future trade deal would not be as favorable as the current US trade deal with the EU. It isn't clear what the current US administration will negotiate, but maybe if the UK rebuilds Hadrian's Wall, they will get a good deal.

The next few years may be some rough sailing for Ilford with roughly 90% of their "turnover" being foreign.

 

[pentaxuser]

It isn't clear what the current US administration will negotiate, but maybe if the UK rebuilds Hadrian's Wall, they will get a good deal..

Can you elaborate on this? Thanks

pentaxuser

 

[AgX]

It appears that currently on 10% of Harman's business is domestic, around 25% from the EU, and over 60% from the rest of the world (just eyeballing the graph).

You only refer to Harman exporting to the EU, but they import from the EU too.

Also there will be the issue of future development of the Pound to Euro and Dollar.

 

[railwayman3]

The next few years may be some rough sailing for Ilford with roughly 90% of their "turnover" being foreign.

Maybe, but hopefully not. They have a unique product range and are developing new ideas and research, all of which may still therefore be sought after by foreign buyers and be less sensitive to price increases.
Meanwhile, customers in the UK are still buying some imported products from the EU despite price increases after the Brexit vote.....guess some will still want and can afford their Mercs, BMW's, French wines and Austrian cheeses. International trade has always been complicated !

 

[NJH]

Finance.

This will be a much bigger issue in the near future than the likely outcome of a trade deal that keeps 0 tariffs on goods. The likely increase in the costs of financial products will impact pretty much everyone in Europe eventually including Harman.

People here in the main don't buy German cars, they get them on lease or hire purchase agreements which can often end up cheaper than the cash price of a new car. Its incredible how long these wheeze has gone on. Example; 2 friends of mine leased brand new Golf Rs for £199 PM when VW was doing an incredible deal to get people into that car.

 

[Svenedin]

Finance.

This will be a much bigger issue in the near future than the likely outcome of a trade deal that keeps 0 tariffs on goods. The likely increase in the costs of financial products will impact pretty much everyone in Europe eventually including Harman.

People here in the main don't buy German cars, they get them on lease or hire purchase agreements which can often end up cheaper than the cash price of a new car. Its incredible how long these wheeze has gone on. Example; 2 friends of mine leased brand new Golf Rs for £199 PM when VW was doing an incredible deal to get people into that car.

That's very true. I have read several articles in the financial papers over the last few years suggesting the car leasing business is a ballon waiting to go bang (and that was before Brexit entered the mix). I do have a German car and I did buy it not lease it! I also have a very elderly British car but she doesn't go out much these days as she's a bit doddery and doesn't like getting wet.