With the UK economy growing faster than expected in the final quarter of 2016, there’s good news too for the UK security industry.
Despite – or perhaps because of, given the strengthened position of UK exporters – the economic shock of Brexit, the UK security sector’s 2,069 biggest companies have risen in value by an average of 5% in the last 12 months, according to research by UK business analysts Plimsoll.
A cohort of 146 UK-based security firms particularly excelled, growing by 10% year on year.
At the less successful end of the scale, 206 businesses saw their value fall by a third.
“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,” said Plimsoll’s lead author David Pattison.
“In all, we have identified 146 businesses that have increased in value by 10% and their financial performance adds to the belief that the overall market is continually improving.
“Having said that, we have seen 206 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.”
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