A new pricing guide from business analysts Plimsoll Publishing detects encouraging signs for the UK’s largest event management companies.
Although average company value within the event management sector has increased by one per cent, 266 firms have seen their value soar by 20 per cent over the past financial year, according to Plimsoll’s latest Pricing Guide. The survey results also found:
- Companies with sales up to £1m have seen their value rise by 4 per cent
- 236 businesses have seen their value fall by as much as a third
- A group of 174 organisations have seen their value increase by 50 per cent.
David Pattison, Senior Analyst on the project, said: “This is a great barometer for the industry to measure the overall improvement in the market, albeit a modest increase in the average value. We identified 266 companies that have increased in value by 20 per cent and their permance adds to the belief that the overall market has stabilised.”
Although some companies have increased in value, there are signs that the event management market is still a challenging landscape.
“Given the tough economic conditions of recent years, 236 firms are seeing their value fall by over a third and it’s clear the market is still highly competitive and this is impacting on the value of the companies,” said Pattisson.
“Of course, a company is only worth what someone is willing to pay, however you need a start point and the Pricing Guide offers this,” Pattison added.
The Plimsoll Pricing Guide (£350 +VAT) is targeted at those looking to compare and understand their own company’s value against the rest of the market.
Do you have news for CN? Email: pcolston@mashmedia.net
