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Cleaning equipment companies 'have increased in value' - says study

Published 8th November, 2013 by Neil Nixon

Cleaning equipment companies 'have increased in value' - says study

A new pricing guide from business analysts Plimsoll Publishing confirms there are some encouraging signs for the UK's largest cleaning equipment and materials companies.

Plimsoll's latest research, which analyses the largest 673 cleaning equipment and materials companies, states average company value within the sector has increased by 1% and 176 firms have seen their value soar by 20%.

This pricing guide, which is available for £350+vat, also states that:

• Overall, the value of cleaning equipment and materials firms analysed in the report are up 1%.
• Companies with sales up to £1 million have seen their value rise by 4%.
• 99 businesses have seen their value fall by as much as a third.
• A group of 82 organisations have seen their value increase by 50%.

David Pattison, senior analyst on the project, said: “This is a great barometer for the industry to measure the overall improvement in the market - albeit a modest increase in the average value. In all we identified 176 companies that have increased in value by 20% and their performance adds to the belief that the overall market has stabilised.”

Pattison added, however, that although some companies have increased in value, there are still signs that the market is a challenging landscape: “Given the tough economic conditions of recent years, 99 firms are seeing their value fall by over a third and it's clear the market is still highly competitive and this is impacting on the value of the companies. Of course, a company is only worth what someone is willing to pay - however you need a start point and the Pricing Guide offers this.”

The Plimsoll Pricing Guide is ideal for anyone looking to compare and understand their own company's value against the rest of the market. Readers of this magazine are entitled to a £50 discount by calling 01642 626419 and quoting reference PR/PG/SV18.