A market survey has revealed that 22 of the UK’s top 1,000 timber product companies are classic acquisition targets.
Plimsoll Publishing Ltd’s latest reasearch assessed each company on its overall financial strength and against eight measures of “acquisition attractiveness”.
The measures include above average sales growth, low financial rating, high earning directors taking profits, high average age of directors and businesses without parent companies.
A total of 21 companies met six of the criteria, while one met seven. The biggest proportion, some 636 firms, showed no signs of being takeover targets.
Plimsoll said 178 companies have sales growth above the industry average, while directors of 141 businesses are taking a high proportion of profits and 204 firms do not have a parent company.
