Some 83 per cent of the Top 100 companies in the UK Security industry have seen their performance slip compared to three years ago, say analysts Plimsoll .
Some 83 per cent of the Top 100 companies in the UK Security industry have seen their performance slip compared to three years ago, say analysts Plimsoll (www.plimsoll.co.uk). Currently, 27 of these companies are actually losing money. This is according to the latest analysis of the Top 100 companies by Plimsoll Publishing. Some 11 of the largest players in the industry are heading for trouble, say Plimsoll. Despite a healthy market growth of 7.2pc, not all are sharing in this prosperity. Some 25 of the companies are selling less than they were three years ago, and 48 are making less profit. Three years of stagnant sales and an inability to curtail costs have left many of the companies in a sorry state, according to Plimsoll. Of the top 100 companies in the UK security industry, 25 are selling less; 48 are making less profit; 52 are carrying more debt; 32 are employing fewer people; 69 are spending more on salaries; and 25 have less shareholders funds. The 83 of the top 100 companies in the industry fall into at least one of the categories above. As a consequence of this decline, 22 of the companies are currently rated ?danger? in Plimsoll’s latest financial rating.
What they say
David Pattison, senior analyst at Plimsoll, suggests that acquisitions will form part of a consolidation of the industry. ?There is just not enough room for all these companies to breathe.? The Top 100 UK Security Analysis is available from Plimsoll Publishing at ล500. Readers of Professional Security can receive a five per cent discount if mentioning this article upon ordering.
