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News

Strong financial ratings for many UK security companiestest

Plimsoll Publishing : 23 June, 2009  (Technical Article)
The UK security industry is bearing up better than expected to the economic strain according to analysts Plimsoll
A new study by industry analysts Plimsoll Publishing looking into the financial state of the UK Security industry has, despite the UK recession, awarded 387 of UK's top 922 Security companies a strong financial rating for their outstanding financial performance.

Plimsoll has rated each of the UK's largest 922 security companies into one of five ratings based on their overall financial performance. Ratings have been given as Strong, Good, Mediocre, Caution and Danger.

The company ratings (with number of companies and percentage of industry) are detailed below:

* Strong 387 42% Delivering excellent performance
* Good 129 14% Holding a respectable position
* Mediocre 157 17% Needing improvement
* Caution 97 11% In a weakened financial position
* Danger 152 16% Their survival is now in question

David Pattison, Senior Analyst at Plimsoll, has the following view on the findings "It was no real surprise to see the high number of companies on the Danger list, given the current economic crisis affecting the security industry.

However we were very surprised to see the high number of excellent businesses making it on to the strong list. I think these firms have really upped their game in these difficult times and they are concrete proof that necessity is the mother of invention."

During the latest financial year analysed, these 387 strong firms have boasted the following impressive performance statistics.

Sales growth - On average these firms have seen sales increase by 8%. This figure is an impressive statistic in a market which is generally flat. This demonstrate the strongest players' ability to take market share from their rivals

Profit margins - For the strong companies, their profit margins are sitting at an average of 8.7%, as they have cut costs and used competitive buying to increase their bottom line.

Levels of debt - Debts have all but been removed from these companies. Most are operating completely debt free, thus reducing their reliance on the banks and other lenders.

Efficiency / productivity - Big improvements in efficiency means these firms are now delivering over £121,000 sales per employee compared to others in the industry that struggle to deliver £88,000. This gives them a significant competitive advantage.

Pattison continues, "Obviously there are real concerns over the 249 firms rated as Caution and Danger, their futures look extremely uncertain. Their management are now operating under severe financial pressure where even normal trading is proving hazardous. Many of these firms seem likely to be sold off; they are at an extremely high risk of failure unless they turn their performance around fast."

This special edition of the Plimsoll Analysis offers a unique insight into the changing financial performance of UK's leading Security companies. Each firm has been named, analysed and rated based on their latest financial performance.

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