Poor sales and rising costs at 61 of the top 1,000 UK leading timber companies are exposing them as acquisition targets, according to a fresh market review.
The latest market analysis by Stockton-based Plimsoll Publishing Ltd claims some of the under-pressure companies, which have an average pre-tax margin of -7.8%, will be forced to seek an exit route through sell-off.
David Pattison, Plimsoll senior analyst, said: “For these 61 companies, selling up would represent a viable solution to their problems. By absorbing costs and eliminating inefficiencies, new owners could turn these struggling companies around.”
The review also identifies 93 companies, with an average pre-tax margin of 5.8%, as aggressively chasing market share.
