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Adam Bannister is a contributor to IFSEC Global, having been in the role of Editor from 2014 through to November 2019. Adam also had stints as a journalist at cybersecurity publication, The Daily Swig, and as Managing Editor at Dynamis Online Media Group.
October 6, 2016

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UK security industry outperforms Spanish, Italian and French counterparts

UK security companies are leaving its rivals in France, Italy and Spain trailing in its wake, according to a study from Plimsoll Publishing.

UK firms are averaging sales growth of 4.7%, compare to 3.2% achieved by Spain-based companies, 2.2% in Italy and only 0.8% in France.

Plimsoll, a global market analysis company, also found that the UK security industry performed strongly in terms of average company pre-tax profit margin, achieving 2.1%.

“The challenge for any company is to balance sales growth and commercial strength,” said David Pattison, Plimsoll’s senior analyst. “It appears growth in the UK market is coming profitably as average margins have risen in the latest year.”

While France languishes at the foot of the sales growth league, it actually tops the table for average company pre-tax profit margin.

“It’s the French market that’s of real interest,” continues Pattison. “It appears the French market is growing slowly but, with the majority of companies appearing to be adverse to debt, it allows these security companies to make healthy margins.

“Clearly the ability to maximise their resources and drive the company harder is proving key to their competitiveness.”

The Plimsoll European Security Study, which analyses the largest, most influential security companies across Europe, is available to buy for £800+ VAT.

This new Plimsoll Study individually  and allows key decisions makers to gain a unique insight into each company’s strengths and weaknesses in one language and currency.

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