Almost one in three UK security industry companies are being forced out of the market, claim financial analysts Plimsoll Publishing.
Almost one in three UK security industry companies are being forced out of the market, claim financial analysts Plimsoll Publishing. Plimsoll has placed some 300 companies in the ?danger? financial rating in their latest analysis. A new study, based on the top 1000 companies in the industry, puts each company in one of five groups based on their financial standing over the last four years. David Pattison, Senior Analyst at Plimsoll, says: ?I believe the security industry has too many companies chasing too little market. These companies {rated as danger} have been in decline for years with a combination of increasing debts and low margins. Many of these companies are at a stage where their debts are severely restricting the ability of the management to make even normal business decisions.? However some 353 companies were given a ?strong? rating, thanks to less debt, stronger balance sheets and average margins at 7.2 per cent. To order a copy of the report for œ305, call Plimsoll on 01642 626400 or visit www.plimsoll.co.uk. Readers can receive a five per cent discount if mentioning this article when ordering.
