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Largest Decline In Financial Health Of Businesses Found To Be In Education And Transport Industries

Published on: 6/03/2019

 

Education and transport are the two sectors of the UK economy to see the biggest decline in the financial health of businesses. That’s according to Plimsoll, the market analysts.

Having assessed over 1600 different sectors of the UK economy, Plimsoll has been able to show which industries have the highest (and lowest) percentage of companies that have seen their financial performance decline in the latest trading period.

Here are the top 20 industries with the highest and lowest percentages:

Industry

% decline

Industry

% decline

Bus Transport Operators

53%

Onshore Wind Farms

27%

Car Dealers

52%

Health & Fitness Clubs

26%

School Academies

51%

Picture Framing

26%

Casting

51%

Health & Safety Consultants

26%

Registered Social Landlords

50%

Pharma & Healthcare Consulting

26%

Cable & Wire Products

50%

Holiday Cottage Agents

25%

Rubber & Polyurethane

49%

Game Developers

24%

Furniture Wholesalers

49%

Record Labels

24%

Aluminium Window Systems

49%

Tax Consultants

23%

Cycle Shops

48%

Letting Agents

23%

Independent Schools

48%

Financial Claims Management

22%

Recruitment Agencies

48%

Physiotherapists

22%

Animal Feeds

48%

E-Cigarettes & Vaping Products

22%

Leisure Centres

48%

Utility Brokers & Consultants

22%

Agricultural Merchants

47%

Foreign Exchange Services

21%

Motorcycle Dealers

47%

Children's Indoor Activity Centres

21%

Poultry

47%

Music Publishers

21%

Motorcycle Parts & Accessories

47%

Bridalwear Retailers

19%

Coach Hire & Tours

47%

Driving Schools

18%

Print Finishers

47%

Executive Coaching

18%

 

Christopher Evans, Senior Analyst explains some of the findings, “There are a few “eye-openers” among the industries seeing a decline in company health. School providers at both ends of the social scale are among those where an increasing number of operators are falling into danger. Enthusiasts of two-wheeled transport must be worried with Cycle Shops, Motorcycle Dealers and providers of parts and accessories all seeing a big decline in overall financial stability”.

“Elsewhere, there are some industries where struggling companies continue to be in a minority. According to the list of the 20 least troubled markets, the UK is still be spending a fortune getting married, being a bit eco-friendlier, attempting to get fitter, hurting ourselves in the process and quitting smoking…...all funded by PPI refunds”.

“The financial ratings we provide on every UK company are based on the Plimsoll Model. This graphical and written model, developed and proven over 30 years, measures every company’s financial health against its commercial success to alert the reader to companies with looming weakness in their performance. Such is the power of our measurement model that 9 out of 10 companies currently in administration were rated as Danger up to 2 years prior to their demise”.

 

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