Like it or not they are moving in. They are a group of 137 UK Security companies named as the fastest risers in the industry are analysed in a new study by analysts Plimsoll Publishing.
Delivering a minimum sales growth of 10pc last year, and averaging 22.1pc growth, these rapidly expanding companies are changing the UK Security industry. Each has grown at least three times more than the 3.4pc average growth of a security company.
David Pattison, Senior Analyst at Plimsoll says: "The purists will read this list and be surprised at some of the names. The UK Security industry is changing. Many of the up and coming companies are providing different products and value added services. They are doing things a lot differently to the old days."
To qualify for a listing as ‘fastest riser’, a company must: a) have increased sales in each of the last two years; b) have increased sales at over 10pc in the latest year. Are these fastest rising companies all small? Not at all, add Plimsoll. One company has sales of over £98m. Some 76 companies now have sales above £5m.
Who is losing out
As the overall growth of the UK Security industry is marginal, the ‘fastest risers’ are almost certainly succeeding at the expense of the competition. Also named are the 77 companies at the bottom of the growth list. These companies have seen their sales decline significantly, one company by minus 69pc. To qualify for a listing as ‘fastest falling’, a company must have suffered a sales decrease in each of the last 2 years. Some of the major companies in the industry are amongst the ‘fastest falling’; 28 of the ‘fastest falling’ have sales above £5m.
How important is it to have a growing company?
David Pattison believes that growth is important:
60;Just because your sales are declining or static does not mean that you are in any immediate danger. Some 21pc of the industry did not grow last year. However in the long term it will start to cause problems. Put simply, if you have a company that is not growing, then you have to look at reducing costs in order to stay competitive. Not all companies manage this."
For more details
The Plimsoll Portfolio Analysis; Security individually examines the performance of the Top 1000 companies in the UK Security industry and assesses their financial health. The 1250 paged analysis is available in paper format (£305) or electronic format (£499 plus VAT).
Order by visiting Plimsoll’s website or calling 01642 626400. Readers of this publication will receive a five per cent discount.
