A new study from market analysts Plimsoll indicates confidence is sweeping back into the UK Security industry. Latest figures show that half of firms are increasing sales and improving profits so opportunity still waits for those that know where to look.
Leading this change are a group of 60 firms who are delivering growth rates of up to 8% with their market share also jumping from 5% to 7 % in just two years.
Plimsoll’s findings concluded:
• • 60 firms have seen their sales increase by over 8%
• • These 60 firms now sell on average £13 million per year up from £9 million two years ago
• • Of the 1000 firms analysed, the average sales increase is only 3.0%
• • However, only 510 companies have increased their sales
David Pattison, Plimsoll’s senior analyst, said: “It really is essential that businesses look for areas of growth in the market and see how they can keep up with the leaders. These 60 trail-blazing firms are heading-up the new direction of the market and the other companies must take note of those 60 companies. With salaries up and gross margins down, it’s clear as costs grow then sales need to follow suit.”