Plimsoll Publishing has analyzed the financial performances of the top 1,000 optical companies in the UK over the last four years and presented it in a 1,260 page report. In one of the findings, 22 percent of the companies analyzed over a recent 12-month period were in financial danger and 10.8 percent were selling at a loss to obtain market share. The average pre-tax profit for all the companies was 5.0 percent.
The document tells the tale of a changing optical market in the UK, showing that its growth rate moved up from 1.8 percent two years ago to 3.6 percent last year, but many companies scored better than others for a variety of reasons in a market where revenue and growth streams are changing. Smaller companies with sales of less than £3 million (€4.4m-$5.5m) had average growth of 2.4 percent, and 58 percent of them posted higher sales. Of these, 143 had average sales increase of 30 percent (for more information, contact David Pattison at Plimsoll, +44-(0)1642-626400).