The UK timber industry’s smaller players are putting their bigger counterparts in the shade when it comes to overall financial performance, according to a new report.

Plimsoll Publishing Ltd’s latest study says 59 of the largest 150 companies failed to grow sales beyond the industry average “dispelling the myth that they are capturing ever more market share”.

A total of 70 made less profit than the industry average, while 53 are rated as being in financial danger.

In contrast, 51 of the 1,000 smaller companies profiled grew sales by more than 22% last year and 89 delivered more than 7% pre-tax margins. Some 388 are rated as financially strong.

TTJ readers who order the full 450-page report (£500) will receive a free copy of the Top 1,000 Plimsoll Portfolio Analysis.