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It may come as a surprise to many that the shoots of recovery are showing in the
UK Debt Collection Agencies industry.
But this encouraging news however is down to only 20 of the UK's largest 80
companies, according to a new study by industry analysts Plimsoll Publishing
Ltd.
The top 80 companies enjoy a dominant position in the market, accounting for 87%
of the total Debt Collection Agencies sector, up from 82% four years ago.
As a group, they are gaining more control of the market, but within these
leading players and it is clear that a minority of 20 companies are responsible
for this tightening grip.
As an example of their success over the last 4 years, these 20 companies have
established a strong hold on the market.
In the last 4 years, sales have increased by 89%, profits have improved 130%,
and staff levels have increased by 33%.
David Pattison, Senior Analyst, at Plimsll commented, "These 20 companies are
setting themselves apart from the other major players, who look tired by
comparison.
"You don't pull in financial results like this, over such a length of time,
by accident. They are telling us something about the direction of the
market, a sort of elite resurgence".
The comparison with the other 60 of the Top 80 UK companies is stark,
confirming Pattison's view. During the last 4 years at these 60 companies sales
did not increase at all, profits have remained unchanged, and staff numbers have
increased by only 5%.
The big question is where do these major companies go next? Pattison points to
the analysis for the answer, adding: "As any business leader knows, you need to
understand your starting position before you can plan forwards.
"We have established exactly where these companies are now and even provided a
best plan for moving each of them forwards based on their current financial
performance."
The future business plans place each of the UK's top 80 companies into one of
three business scenarios.
- 20 companies, already in an excellent position, are primed for a period
of growth. An expansion plan for these ambitious companies puts their future
market share well beyond their current performance.
- 49 companies have their work cut out to get their principal business on
a firm financial footing. A demonstrated strategy, if followed, shows how the
values of these companies could double in a year.
- 11 companies are facing financial distress. Their safest option is a
period of consolidation where up to 500 jobs could be lost, essential if
they are to come to terms with their latest position in the market.
The full 298 paged publication has analysed each of the UK's largest 80
companies, based on turnover, over their last 4 years of financial results.
It has assessed and compared their fundamental financial performances and
presented the findings in an easy to read format.
Copies of the analysis are available for £500. Readers of Credit Control Journal
can receive a 5% discount when ordering.
To order, call 01642 626400, or email m.aston@plimsoll.co.uk
Source:
Credit
Control Journal
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