2nd July 2013, 08:24 PM
As with most 'service' industries, the only real value of NA is its client/order book - if the people go elsewhere and the cllients follow then the business is valueless. Something similar but on a smaller scale happened in northern England a number of years back, a big unit took over a small outfit basically to get 1 contract - the smaller lot just went off and restarted under a new name and carried on as before with the same clients, big outfit are long gone...