As the UK economy continues to gain confidence, there seems to be some more encouraging news for the UK’s largest Road Haulage companies.
A new study from UK business analysts Plimsoll, which has analysed the financial health of the largest 1500 Road Haulage businesses operating in the UK, indicates that, on average, Road Haulage firms have increased in value by 6 % in the last 12 months.
The 2017 study states while average company value within the industry has increased by 6%, further data reveals 420 trail-blazing firms are leading the charge having seen their worth soar by 25%.
Further findings from Plimsoll show:
- Overall, the value of Road Haulage firms analysed in the report are up 6%
- However, 196 businesses have seen their value fall by a third
Plimsoll’s lead author, David Pattison, said: “As a director, taking stock of your company value is a great barometer to measure your success and to analyse the overall state of the market. In all, we have identified 420 businesses that have increased in value by 25% and their financial performance adds to the belief that the overall market is continually improving.
“Having said that, we have seen 196 businesses that have seen their value fall by over a third and it is clear that, although the market is improving, it is still a challenging landscape.”
More information about Plimsoll’s range of reports can be found by visiting www.plimsoll.co.uk.
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