Plimsoll Publishing Ltd

Plimsoll Publishing Ltd

September 07, 2009 10:19 ET

Plimsoll Publishing Ltd: 1 in 3 British Companies Are Now Making a Loss

LONDON, UNITED KINGDOM--(Marketwire - Sept. 7, 2009) -

Editors Note: There is a photo associated with this Press Release.

1 in 3 British companies are making a loss as the downturn continues to make life difficult. But finding out how many of these loss making companies have simply had a bad year and how many are burying their head in the sand is the basis for a new company assessment service by leading analysts Plimsoll.

David Pattison, senior analyst and architect of Plimsoll's new One Page Analysis service says, "Increasingly we are seeing companies making a loss for the first time in their recent history and I think they can rightly claim they are victims of difficult trading conditions. A quick refocus on profitability would ensure this an isolated occurrence - the year the recession forced us into loss"

However, economic woes are no excuse for a group of serial loss makers that are prevalent in the market. Pattison explains, "Half of all loss making companies are doing so for the second, even third year running. These companies are either blatantly undercutting the rest of their respective markets to protect market share or, more likely, have delayed making the painful decision more prudent companies have made recently. No one wants to trim costs, lay off staff, cancel dividend payments and the like but continuing on regardless is fast becoming unviable. They can't bury their heads in the sand any longer".

"I congratulate the management teams that have made the often difficult and unpopular decisions. They have cut their cloth according to the market conditions and as a result are more stable for it. Those failing to do so are running out of time and cash. Without a big increase in demand they cannot support their pricing strategy for much longer. Tens of thousands of UK companies are now in deep trouble and it will pay dividends if you find out about it before you do any serious business with them".

"We launched the One Page Analysis Service because people had nowhere to go to get an instant assessment of the companies they deal with. We provide a fast, reliable analysis that will give you key intelligence on any company for any reason".

Plimsoll One Page Analysis Service gives an instant assessment on any UK based company. Whether you are vetting a potential supplier, assessing a key customer or monitoring a competitor, wouldn't you like to know if they are in financial difficulty and what other secrets are lurking behind the glossy corporate brochure? A One Page Analysis will tell you everything you need to know for just Pounds Sterling 25.

Simply visit www.plimsoll.co.uk/OnePage.aspx and search for any company you are interested in.

To view the photo associated with this press release, please visit the following link:

http://www.marketwire.com/library/20090907-DavePaLG.jpg.

Contact Information

Webosphere

Keyword Cloud

View Website