Report identifies select few showing growth

Posted on February 1st, by editor in Caring Times. No Comments

A study by industry analysts Plimsoll Publishing has identified a group of 316 care home providers which, in the last year, have increased sales by a minimum of 17 per cent and are taking more control of the market. The report says that, over the last two years, growth in the market has been sporadic, averaging only 8.7 per cent two years ago and again 8.7 per cent last year. Yet last year, a group of 316 companies emerged, increasing sales at twice the average of the rest, averaging a 57.1per cent growth. According to David Pattison, senior analyst on the project, of the 1700 companies analysed in the research, 241 were found to be suffering as a result of the success of the high growth companies. Collectively, these companies saw sales fall by 18 per cent in the same period. “This is absolute evidence of how most of the growth in the market is going to a select group of companies,” said Mr Pattison. “For me it’s evidence that the market is changing as the revenue and growth streams of even five years ago ar

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