A new study from market analysts, Plimsoll Publishing, indicates confidence is up in the facilities management sector with 63 per cent of companies involved in the study reporting an increase in sales in their latest year.
The study, which looked at the 377 of the largest companies operating in the UK facilities management industry, revealed these growing companies are delivering growth rates of 11 per cent and many of these are making a healthy profit return.
Further results from the study show:
- On average, each company has seen their sales improve by 3.4 per cent
- The average sales per employee is £91, 000 – however some trailblazing firms are reporting sales per employee of £145, 000
- 106 companies have been rated as financially strong
- However, 47 firms have been rated as being in financial danger
Commenting on the findings, David Pattison, Plimsoll’s senior analyst, said:
“The report highlights how improvements in growth, profit and productivity mean traditional benchmarking levels are now looking dated. To keep up with the best then new levels of performance are required.
“The results in the Analysis prove that all businesses need to keep striving towards an increase in sales and profits. Those who are too content to grow and are putting security ahead of growth are at risk of falling behind.”
The new Plimsoll Analysis into the facilities management industry provides an in-depth industry analysis of the leading players in the market. The report contains a valuation, acquisition attractiveness score and overall financial rating for each company. It is designed to help anyone looking at buying or selling companies to understand the options open to them