By the end of this year, almost a fifth of directors in the UK security industry will be over 60 years old, according to a report analysing 4,363 company directors.
The new Plimsoll Directors Edition looks at the motivations for directors staying, leaving or joining the industry.

The study has found that 1,484 "baby boomers" of the 1940's or before, born in post war England, have been the backbone of the industry for more than 30 years.

David Pattison analyst at Plimsoll says: "Directors are staying at their company out of necessity, pride and even enjoyment. Yet there is no doubt that many of these 'baby boomers' are at crossroads in their lives. It has certainly been a factor driving current acquisition activity."

The analysis names the "The millionaires club", 151 companies run by 1940's directors that, if sold, would net over £1 million.

"It's a tempting prospect for someone thinking of his or her retirement fund. This is quite a door opener for a potential acquirer," says Pattison.

Average directors' salary 56K
It also names 58 companies driven by 1940's directors that are going through a period of distress, are loss making and taking on extra debts.

What can the industry offer the next generation of leaders?
According to the analysis average salary last year was £56K and actually fell by 11 per cent. Top earners can see salaries of around £127K. Average time at the same company is now over five years, compared with a UK average of over seven years.

Plimsoll says although the industry can seemingly afford competitive salaries, this may not be enough to encourage sibling retention and tempt new blood into an industry.

With a market growth of ten per cent, the industry attracted 933 new directors over the past two years.

The analysis is available from Plimsoll Publishing at £365. Information or ordering on 01642 626400 or visit www.plimsoll.co.uk. Readers of Security Installer will receive a five per cent discount when mentioning this article upon ordering.

Source

Security Installer