1 in 3 British Companies are Making a Loss - How Secure are Your Business Partners?

STOCKTON-ON-TEES, England - In the current economic climate, companies need to appreciate the importance of keeping a close eye on the other firms they do business with. After all, is there anyone out there that hasn’t seen a supplier, customer or key competitor go out of business in the last 18 months?

Plimsoll, the leading business analysts have launched a new service that allows companies to get a financial health rating on the companies they trade with.

David Pattison, senior analyst and architect of the new One Page Analysis service explains the benefit of knowing about the companies you are dealing with, “As a result of recession, 1 in 3 British companies are selling at a loss. Such as been the rate of decline at some companies, even your most reliable customer from 2 years ago may now be considered a big risk”.

Pattison continues, “We have analysed 250,000 companies as part of this unique service and the numbers are staggering. At a basic level, if you have 10 key customers, chances are that 3 of them are in financial difficulty. The same rule applies to your suppliers and competitors. Even the company that supplies the office toilet rolls could be in trouble”.

“We launched the One Page Analysis Service so that decision makers can have access to instant assessments of the companies they deal with. We provide a fast, reliable analysis that will give you key intelligence on an individual company on a single page. Whether you are vetting a potential supplier, assessing a key customer or monitoring a competitor, wouldn’t you like to know if they are in financial difficulty?

Simply visit www.plimsoll.co.uk/OnePage.aspx and search for any company you are interested in.

Contact details Christopher Evans Senior Analyst Plimsoll Publishing Ltd Tel: +44(0)1642-626400 Fax: +44(0)1642-626410 Email: c.evans@plimsoll.co.uk

Source: Plimsoll Publishing Ltd

Contact details: Christopher Evans, Senior Analyst, Plimsoll Publishing Ltd, Tel: +44(0)1642-626400, Fax: +44(0)1642-626410, Email: c.evans at plimsoll.co.uk