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In encouraging news for UK Debt Collection Agencies, 147 of the top 379
companies in the market are growing at more than 10% per annum and making
healthy profits.
But according to industry analysts Plimsoll, while many of these companies are
breaking new ground and leading a sustainable recovery in the market, there are
47 other companies whose headline grabbing sales growth masks something much
more sinister.
David Pattison, senior analyst and author of the new Plimsoll Analysis
explained: “Firstly, it makes a nice change to have some positive news to
report.
"147 growing, increasingly profitable companies have either tapped into a new,
fast growing revenue streams or are just the best performers in the old ones.
"Anyone struggling to make the most of the recovery should look at these
companies and ask themselves ‘what do these guys sell, make or do differently to
me?’”
Pattison warned that there are 47 companies achieving this eye-catching sales
growth but their profitability tells a very different story.
He continued: “Essentially there are 2 types of growth in the market, Good v
Bad.
"47 companies have achieved over the 10% sales growth but in doing so have seen
their profit margin collapse.
"They are simply overtrading. The accolades of growth are all well and good but
the bills need paying too.
"More worryingly, 10 of these companies have been loss making for 2 years, even
with double digit sales growth I doubt they will make it to a third”.
On the subject of companies getting it wrong at both ends of the scale, Pattison
offers this warning: “While the market continues to recover and the 147 top
performers show the way, there are 73 companies facing a very bleak future
indeed. Losing sales, profits and probably most of their remaining options,
these companies have been rated as Danger in our report. Time is running out and
only a takeover or a rapid turnaround is likely to redeem their situation”.
The new Plimsoll Industry Analysis – Debt Collection Agencies will tell you
instantly which companies are prospering in the post recession market place,
those taking a big gamble and those heading for trouble.
It gives an instant performance rating on the top 379 companies in the market
and an overview of which companies are ripe for acquisition and who is set to be
buying.
Each company is assessed using the Plimsoll Model, a graphical and written
analysis that lays bare the facts and gives you instant opinion.
Readers of Credit Control Journal are entitled to a £50 discount of this new
special edition of the Plimsoll Industry Analysis.
Call 01642 626400 for further details and quote reference PR/FL25.
Source: Credit
Control Journal
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