Managed service companies – picking up the pieces. By Rebecca Benneyworth
Last week brought news that a number of major MSC providers had decided to “concentrate” on their new core business of “providing accounting services to businesses”. Presumably in the hope that the accountancy profession will provide them with a port in which to weather the storm whipping up at sea. Indeed, at least one provider has approached a firm of Chartered Accountants hoping to form a “mutually beneficial” arrangement, under which no doubt, the provider hopes to continue in business as before.
These shenanigans will have to work their way through over the coming months.