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News Release from: Plimsoll Publishing
Edited by the Manufacturingtalk Editorial
Team on 27 March 2007
Plimsoll names packaging industry
winners
The UK's most successful packaging companies have been named as part of a special study by industry analysts Plimsoll Publishing .
These outstanding companies have been grouped into 5 different areas of financial success 33 companies named as best overall financial performers Included in this section are the companies considered to be getting the balance right between commercial and financial success
This article was originally published on Manufacturingtalk on 15 Jul 2003 at 8.00am (UK)
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They are managing to increase sales and maximise profits.
All this, and without compromising financial strength.
David Pattison, Senior Analyst on the project, is impressed with the performance of these leading companies and who can argue: they are reporting eight times the sales growth figures and three times the profits than the rest of the industry.
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Pattison adds, "The rest of the industry should be falling over themselves to do business with these companies".
46 companies named for best sales improvement With the market growing at 2.3%, the majority of companies are, at best, showing modest growth.
The 46 companies named in this section are delivering a minimum of 15% growth in the last period.
Pattison is convinced these companies will cause increased pressure in the market in 2007 as they build on their aggressive business strategy.
He continues, "These companies are in danger of taking the industry by storm".
72 companies named for profit improvement.
With profit margins in general depressed, it is refreshing to see 72 companies clearly benefiting from tighter cost control and pricing policies.
They have been able lift their margins from previously loss making to a current 4.2% on average, well above the industry's current 2.3%.
David Pattison continues, "For me profits are the key to a successful company".
"As the saying goes, anyone can give the stuff away but the real skill in business is to make a profit".
25 companies delivering a turnaround in financial performance It is the nature of business that most companies in their lifetime will encounter a difficult trading period.
Some, during this time will fail or be taken over.
Others find a solution themselves.
Named in this section are the 25 companies who were facing an uncertain future.
These 'comeback kings' have staged a recovery, and the first stage of the turnaround process is underway.
David Pattison comments, "These 25 turnaround companies are proof that failure is avoidable".
"They offer encouragement to 240 other Bakery companies that have seen a sharp decline in their recent financial performance".
"Trading out is an option - if problems are addressed quickly!" 40 companies named for productivity improvement Showing how vital productivity is becoming to remain competitive in the Bakery industry, 40 companies are named in this section.
They are using their staff to deliver 12 times the sales and 8 times the profit of the rest of the industry.
uDavid Pattison concludes: "As wages and employment costs in general prove an increasing burden, lean companies like these are discovering new productivity levels to combat this problem".
The above is an extract from a brand new study by Plimsoll Publishing .
The full analysis contains an individual profile for each of the UK's 1000 packaging companies.
Included with this special edition is a Successful Companies Pack available to readers of this publication free of charge when ordering.
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