Global Edition

 

Plimsoll names Golf Industry winners

7.45am 2nd November 2006 - Corporate

The UK’s most successful golf equipment companies have been named as part of a special study by industry analysts Plimsoll Publishing Ltd. These outstanding companies have been grouped into five different areas of financial success:

  • Overall financial performers
  • Best sales improvement
  • Profit improvement
  • Turnaround in financial performance
  • Productivity improvement

The above is an extraction from a brand new study by Plimsoll Publishing Ltd. The full analysis contains an individual profile for each of the UK’s 150 golf equipment companies. The study suggests that up to fifty-three – around one third of the companies in the industry are at a high risk of financial collapse.
The financial performance of each company has been researched and the full study includes an individual analysis and overall financial score for all 150 entries. The companies rated as being in danger are suffering from low and declining margins and uncontrolled rising debts. Their position is now so serious that even normal business decisions are becoming constrained.
David Pattison maintains, “The simple message is change or risk failure. At these high risk companies, the managers need to act quickly to get their firms back on a decent financial footing. It seems inevitable that we will see a period of consolidation. Job losses and certainly cost cutting are essential if these companies are to survive. Personally, I would not rule out a series of takeovers. Most of these companies are blissfully unaware of how exposed to acquisition they are.”
The analysis is aimed at the non-financial manager who needs to be alerted to changes in the financial performance of golf equipment companies, whether they are customers, competitors or suppliers.
The full 315 paged study is priced at £350. Included with this special edition is a Successful Companies Pack available to readers of Golf Business News.com free of charge when ordering. When ordering online simply enter the code SCP01 at the checkout.
Copies of the analysis are available by calling 01642 626400 or by email c.sherwood@plimsoll.co.uk
Plimsoll Publishing http://www.plimsoll.co.uk/industry-report.aspx?Industry=golf-equipment

       

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