As an employee in small manufacturer in the UK, I've recently observed the Operations Director (basically our top dog), making use of another companies Profit and Loss reports during at least one conference call.
This is combined with our Sales Director investigating said other companies profits, and both disappearing to outside meetings in full suits. Normal office is Shirt & Trousers, and in general, our customers and suppliers come here.
The other company makes similar products to us, but in a different sector.
I'm probably over-reading this, but what are the likely reasons for this? My first reaction is that we could be buying that other company. I'm wondering if the reverse is possible? Are there any other likely reasons for using Profit and Loss reports?
Why am I asking? I'm genuinely curious, and I'm also wary of a major change that could affect my job, since I have a family. If the possibility suggests there might be a risk to my job, I want to have at least a plan of action to minimise the impact on the family.
Its not something that i've heard being discussed in the open as yet, so I'm not in a position to be asking the direct question.
This may not be a suitable question as the actual answer (What is going on?) is not knowable, but I'd like a second opinion on the possibilities.
For what purposes could a controller of a business use another company's Profit and Loss report?