One in six companies in the UK debt collection agency industry could change ownership as a result of the current economic climate, claims a new study by financial analysts Plimsoll.
The analysts claim that while a “surprising” number of cash rich competitors wait in the wings, the market could be set for a prolonged period of consolidation. Plimsoll analysed 208 companies with a turnover of more than Â£1m per annum and the company picked out 64 that it claimed are primed to be taken over.
David Pattison, author of the new Plimsoll Industry Analysis â€“ Debt Collection Agencies, said: “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 buyer’s market out there for cash rich companies.”
Pattison added: “In the Plimsoll Industry Analysis…