Articles about Rm

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Job cuts, falling sales and now a mega pension deficit at RM

Staff at cost cutting education tech supplier RM discovered today the deficit in the company pension pot has widened substantially. In a trading update, the Oxfordshire-based business confirmed that financial results for the year ended 30 November are in line with forecasts - analysts expected sales to shrink by £8m year-on- …
Paul Kunert, 13 Dec 2016
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Jingle bells, RM tells, some staff to go away... via Skype

RM Education sprinkled some festive cheer among its staffers by confirming in a Skype call with them that redundancies are in the offing. In a statement sent to El Reg, RM managing director Toby Black, confirmed "with sincere regret" that 70 people are to lose their jobs across the business, including 35 from the head office …
Paul Kunert, 24 Nov 2016

RM to resell Apple, Lenovo, HP, Dell to YOUR children

With revenues down and education spending stuck in the doldrums, supplier RM has hit upon a novel idea to expand - reselling low-margin kit from the vendors that helped sink its own hardware production line. The one-time system builder powered down its own manufacturing facility in Oxford in late 2013 after mounting losses, …
Paul Kunert, 1 Aug 2016
 Good GCSEs should cost parents a Jesus-phone

RM: School spending on tech is soft, soggy and downright subdued

School spending on tech remains “subdued”, according to specialist education supplier RM at the half-way stage of its fiscal year 2016, ended 31 May. Revenue slid 3.8 per cent year-on-year to £76.8m, but excluding the disposal of SpaceKraft, which made sensory learning devices for children with special needs, sales fell 1.4 …
Paul Kunert, 4 Jul 2016
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RM's core tech division suffered a 12% revenue dip in 2015

Ditching PC production, the running down of the old Building Schools for the Future contracts, and relatively “subdued” government spending on education ate into RM’s lunch money in 2015. The specialist education supplier turned over £178.2m in the year ended November, down 12 per cent on the prior fiscal, and it was all the …
Paul Kunert, 1 Feb 2016
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RM’s core division will soon be resources, not tech, reckons analyst

The inevitable after-effects of withdrawing from hardware production and dwindling Building Schools for the Future contracts are leaving a huge hole at RM. The education specialist today filed interim results for the six months ended 31 May, and they make for good reading ... if you're a rival. Total revenue fell 13.3 per …
Paul Kunert, 6 Jul 2015

RM has been schooled: Sales fell by over £69m in fiscal 2014

The downward pressure on school budgets, the shuttering of the PC production line and the shift from reselling hardware sucked almost £70m in sales out of education supplier RM last year. The company reported turnover of £202.5m for the fiscal 2014 ended 30 November, down more than 22.5 per cent year-on-year, with the …
Paul Kunert, 2 Feb 2015

RM: Killing our PC unit hit our top line, but our bottom line is pert

Murdering the PC building biz was always going to result in some top-line slippage for Brit specialist education tech supplier RM, but the move to shutter the production line hasn't hurt profits, quite the opposite. The Oxford-based biz today reported half-year numbers to 31 May with sales down more than 22 per cent to £92.1m …
Paul Kunert, 7 Jul 2014

'Eventful but positive' year for RM as it quits the PC-making world

Shape-shifting education supplier RM was in philosophical mood as it exited a biz-changing fiscal '13 with profits up and revenues down, impacted by fewer – but higher margin – Building Schools for the Future contracts. Turnover in the 12 months to 30 November fell nine per cent year-on-year to £261.7m (8.4 per cent excluding …
Paul Kunert, 3 Feb 2014

RM to schools: You can have third-party kit, just not from us

Education supplier RM has told customers they can buy discounted third-party hardware from Misco after finally shuttering its own reselling operation and closing the PC production order book. A hardware referral agreement was always on the cards, as revealed by CEO David Brookes last month and Misco has beaten rivals to what …
Paul Kunert, 3 Dec 2013

Systemax's Euro tentacle set to buy ailing schools supplier RM

Exclusive The word sweeping through the technology channel is that big changes are afoot at education supplier RM with the parent of reseller Misco understood to be acquiring the software and services business. Sources claimed that talks between the LSE-listed RM and NYSE-listed firm Systemax, which trades in Europe as Misco and Inmac …
Paul Kunert, 29 Nov 2013
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RM begins redundancy talks with defenestrated hardware staff

Spare a thought for the poor souls at education supplier RM, which started its redundancy consultation period yesterday in the wake of the company's decision to shutter its PC production facility. RM confirmed last month that some 300 people in its Education Technology unit will be laid off as it tries to carve out a brighter …
Paul Kunert, 20 Nov 2013

RM CEO: We didn't even try to sell PC biz before killing it

Education tech supplier RM didn't even test the appetite among rivals or privateer equity firms to buy its flattering PC biz before murdering it because the business was only just keeping its head above water. The long-standing system builder this week quit the business to concentrate on higher margin software and services. …
Paul Kunert, 1 Nov 2013
closed_sign shut down under collapsed liquidation

PC addict RM finally quits its building habit, plans to axe 300 jobs

Under-fire education tech specialist RM has finally admitted what the rest of the industry already knew: that it can't make money building PCs and will instead concentrate on developing software and services. It has been a rocky three years for RM, starting with the government's gradual closure of the Building Schools for the …
Paul Kunert, 23 Oct 2013

Not so fast with the bubbly, RM: IT biz faces £40m schools-sized hole

Just when education supplier RM is getting itself back on track, it has revealed that a £40m black hole will emerge in its accounts when Blighty's Building Schools for the Future programme is finally shuttered. The UK firm stumbled in fiscal 2011 as it posted steep losses, managed to recover somewhat in fiscal 2012 and is back …
Paul Kunert, 8 Jul 2013

Schools IT biz RM back in black after caning from UK gov

RM is back in the black following the recent cost-cutting activity that saw it offload multiple business units and axe 17 per cent of its workforce. The education IT supplier made profit before tax of £600,000 in the six months to 31 March compared to a loss of £1.4m in the same first half year period a year earlier. Turnover …
Paul Kunert, 9 Jul 2012

RM dumps cash-bleeding ISIS Concepts onto ex-owner

RM has offloaded its loss-making classroom furniture biz ISIS Concepts to its former owner and current managing director Nick Topliss for £205,000. This is the last divestiture for the troubled education IT supplier which last September began closing or flogging parts of the business it deemed non-core to improve its …
Paul Kunert, 11 May 2012
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RM investors spared a second heart attack in latest numbers

Beleaguered education IT supplier RM had no surprises in its fiscal Q1 trading update, bearing in mind that its sales tend to stroll in during the second half of the year. The firm has carved up non-core parts of the operation and flogged or closed them, launched a redundancy programme and got rid of two chief execs since a …
Paul Kunert, 26 Mar 2012

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