Cleanzine: your weekly cleaning and hygiene industry newsletter 18th April 2024 Issue no. 1110

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Cleaning Equipment & Materials firms have increased in value, argues new study

A new pricing guide from business analyst Plimsoll Publishing confirms there are some encouraging signs for the UK's largest Cleaning Equipment & Materials companies.

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

This exclusive pricing guide, also states that:

- Overall, the value of Cleaning Equipment & Materials firms analysed in the report are up 1%
- Companies with sales up to £1million have seen their value rise by 4%
- 99 businesses have seen their value fall by as much as a third
- Members of group of 82 organisations have seen their value increase by 50%

David Pattison, senior analyst on the project says: "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.

"However, although some companies have increased in value, there are still signs that the Cleaning Equipment & Materials market is still 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. Cleanzine readers opting to buy the report are entitled to a £50 discount. Just quote reference PR/PG/SV18.

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17th October 2013