Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Access Control
LeftNav
Alarms
LeftNav
Biometrics
LeftNav
Detection
LeftNav
Deutsche Zone (German Zone)
LeftNav
Education, Training and Professional Services
LeftNav
Government Programmes
LeftNav
Guarding, Equipment and Enforcement
LeftNav
Industrial Computing Security
LeftNav
IT Security
LeftNav
Physical Security
LeftNav
Surveillance
LeftNav
View All
Other Carouselweb publications
Carousel Web
Defense File
New Materials
Pro Health Zone
Pro Manufacturing Zone
Pro Security Zone
Web Lec
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
ProSecurityZone Sponsor
 
 
News

Financial uncertainty widens gap in security market

Plimsoll Publishing : 22 May, 2009  (New Product)
UK security companies becoming financially polarised according to market trends report from Plimsoll
The first snapshot of how the security market is changing as a result of the UK economic slowdown has just been released by industry analysts Plimsoll Publishing.

The findings suggest that the brunt of the slowdown is being felt by a quarter of the companies in the market. Surprisingly, almost half of those surveyed have been largely unaffected, maintaining their financial strength, margins and some managing to even increase sales.

The study surveyed the UK's Top 922 Security firms, based on their latest financial performance. Highlights extracted from the analysis show:

Overall the market is showing no overall growth, compared to growth of almost 7% this time last year. However there is much changing amongst the players in the market as they jostle for precious sales, highlighted by the huge gap in performance.

* 268 firms have seen their sales decline, some by as much as 14%
* 537 firms have seen their sales increase, some by as much as 15%

David Pattison, Senior analyst at Plimsoll, explains the reasons behind the changing market. "The recession seems to have accelerated a shift in the market. Some companies have clearly been affected by those that have swapped to low cost alternatives or by the loss of a key client. Others are clearly benefiting from this move."

Overall profitability is slim, with most companies reporting profits of less than 3%. This is largely in line with last years figures as the early signs of recession were already taking an effect. However the gap between the very profitable and those missing out is widening.

* 347 firms have seen their profits fall, with one in five currently losing money
* 575 firms have increased profitability, some reporting margins of over 7%

David Pattison believes this is down to a number of factors. "The recession has been a good thing for a number of companies, it has sharpened their management and improved the accountability of the directors, so much so that these reorganisations are already leading to an increase in profitability.

However for those that have yet to come to terms with this changing market, times are tough and they risk falling further behind the successful competition unless they respond to this changing market."

The Plimsoll Analysis- Security analyses each of the 922 companies in the industry individually and rates each company on their financial performance.

Copies of the complete analysis the Plimsoll Analysis -Security are available to order from Plimsoll. A PDF version of the report is priced £350+VAT and readers can claim a 10% discount.

Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   © 2012 ProSecurityZone.com
Netgains Logo