Meat wholesalers to overcome Brexit uncertainty
The majority of UK meat wholesalers are in good condition to cope with any Brexit fallout, a new report from market analysts Plimsoll Publishing suggests.
The study identified and analysed the vital areas of business performance that are considered to lead to success or failure. These factors were applied to the 719 UK meat wholesalers to highlight the fittest and those showing signs of serious financial weakness.
According to Plimsoll Publishing, 380 firms are performing well in current market conditions and are well prepared for any uncertainty in the sector. However, 103 firms were rated as showing a serious weakening in financial health.
David Pattison, Plimsoll’s senior analyst, commented: “Since the decision to leave the European Union, the market has been dogged with speculation and uncertainty. However our latest research suggests the majority of meat wholesalers are surprisingly well placed.
“Having said that, however, that’s not to say there will not be an impact, but they are in good shape to cope and respond to any upheaval.
“Nobody at this early stage will know the consequences of the Brexit vote, however companies who are rated as Danger have two options: they can hold their nerve and hope to trade their way out, or they can put a survival plan in place and look to consolidate their business. Once you take notice of the warning signs, then directors need to act.”
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