Industry Analysis & Industry Trends
The General Building Cleaning industry has recorded weak but fairly consistent growth over the past five years. The gloomy economic conditions have reduced demand for cleaning, particularly from the residential market, but since most office and commercial buildings must be cleaned regardless of the economic environment, demand from these areas has remained steady. A decline in construction activity and falling disposable incomes constrained revenue over the period. IBISWorld estimates industry revenue to grow at a compound annual rate of 0.8% over the five years through 2013-14. In the current year, revenue is expected to rise by 2.1% to £4.8 billion.
The industry has managed to maintain relatively stable profit margins over the past five years... purchase to read more
Industry Report - Industry Key Buyers Chapter
The industry is dominated by small and medium-size companies. Even though the average company employs about 30 staff, they are overwhelmingly low paid and part-time or casually employed. Average revenue for a company in the industry is only a little over £300,000, indicating the small nature of the industry. The four largest companies in the industry are estimated to represent less than 4.0% of industry revenue combined.
This trend is likely to remain, as the industry begins to fragment on regional grounds. New small companies will emerge in under-serviced regions to serve household customers. This will ensure that any attempts at consolidation by medium-size firms will do little to increase the industry's level of concentration... purchase to read more