The latest report on companies in the fresh produce sector by business analysts Plimsoll shows that many of them have increased in value by as much as 10 per cent over the last year.
However, the report also rated 182 of the 1132 companies studied as ‘Danger’. The authors say that 9 out of 10 previously failed Fresh Produce companies had been given the same Danger rating two years prior to their demise. However, with 562 companies rated as strong and 111 as good, it is not all bad news.
Plimsoll also says that 334 companies are ripe for takeover and 303 are making a loss. Report author David Pattison of Plimsoll commented, “In all, we have identified 86 businesses that have increased in value by at least 10 per cent and their financial performance adds to the belief that the overall market is continually improving.
“Having said that, we have seen 88 businesses that have seen their value fall by over a third and it is clear that, although the market is improving, it is still a challenging landscape.”
Photo Caption: Half the produce businesses studied were rated as ‘strong’
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