1 in 7 companies in the UK Fork Lift Trucks industry could change ownership as a result of the current economic climate, claims a new study by leading financial analysts Plimsoll. With a surprising number of “cash rich” competitors waiting in the wings, the market could be set for a prolonged period of consolidation.
David Pattison, author of the new Plimsoll Industry Analysis – Fork Lift Trucks, explains, “I am sure any director worth his salt would agree that, in the current climate, there are simply too many companies chasing too little market. With many directors eyeing the exit doors and highly leveraged buyouts consigned to history for the time being, it really is a buyers market out there for cash rich companies”
Pattison continues, “In the Plimsoll Industry Analysis we have identified 48 companies that have a sizeable cash reserve sat on their balance sheets that, due to record low interest rates, is generating nothing. These companies are now in the position to buy up large chunks of market share at rock bottom prices and make that money work for them. They must be like kids in a sweet shop at the moment – all those distressed competitors available at a fraction of their true value”.
“The UK Fork Lift Trucks market is still widely regarded as one of the UK’s most fragmented sectors. In our report we analysed 231 companies with a turnover of over £1 million per annum and have picked out 73 that are primed to be taken over. Buying one of these businesses represents a massive opportunity for someone to enhance their share of the market. Either way, the market is set for a wave of takeovers in the next months”.
The new Plimsoll Industry Analysis – Fork Lift Trucks will tell you which companies are set to be buying and who will be selling.
Readers of Warehouse & Logistics News are entitled to a £50 discount off this new special edition of the Plimsoll Industry Analysis – Fork Lift Trucks.
Call 01642 626400 for further details and quote reference PR/SD33.
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