Well.....
..... making a profit but making people redundant.
All I can say is the ICM BSC arm of Phoenix might be getting the sales in but belive me the level of service will have dropped dramatically!
Anon for obvious reasons!
Phoenix IT Group confirmed today that trading, cash generation and non-recurring costs for the year ended 31 March 2009 have been in line with expectations. The company said it is saddled with net debt of £72.4m compared to bank facilities of £109m, and finance lease liabilities were about £16m. Non-recurring costs relating …