One in six companies in the UK electrical contracting industry is being forced out of the market according to new research by financial analyst Plimsoll Publishing.
Based on a study of the top 2000 companies in the industry, Plimsoll places companies in one of five groups – strong, good, mediocre, caution and danger – based on their financial standing over the last four years. The analyst has placed 342 companies in its 'danger' rating.

David Pattison, senior analyst at Plimsoll, says: "I believe that the electrical contracting industry has too many companies chasing too little market.

"The companies rated as 'danger' have been in decline for years, with a combination of increasing debts and low margins."

Of the other 1658 companies, 348 were rated in the second lowest category of 'caution'; 311 were rated as 'mediocre'; 212 as 'good'; and 787 as 'strong'.

Source

Electrical and Mechanical Contractor

Postscript

For a copy of the report, which costs £305, call Plimsoll on 01642 626400.