This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Second highest profitability level for service sector

06 April 2016

Data released by the Office of National Statistics (ONS) shows the UK service sector enjoyed a strong final quarter in 2015.

Although less than the revised estimate of 23.2% recorded for the previous quarter, a profitability level of 22% for Q4 2015 is the second highest total recorded since records began in 1997.

Following on the back of other positive forecasts, such as the predicted boom in the outsourcing of cleaning services and CBRE's recent announcement on growing levels of FM business, the ONS survey provides further encouragement for the FM sector.

The figure for the net rate of return of service companies for last year was 21.6%.

This was another record-breaking performance, being the highest annual rate since the profitability study began.

Further analysis shows that service companies' profitability have been on a generally upward trend since Q4 2007.

The result indicates that the service sector has withstood the various ups and downs of economic developments better than others, such as manufacturing.


Print this page | E-mail this page

MOST VIEWED...


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Importance of compliance further confirmed by recent asbestos cases

Two incidents involving asbestos in buildings have further emphasised the need for vigilance in all areas of the FM sector to provide protection for building users and avoid the potentially damaging results.Full Story...

Britannia Hotel Group Fly the Nilfisk Flag

Finalists announced for the PFM Partnership Awards 2018

PTSG installs lightning protection at Faraday's former place of work

http://www.fsifm.comhttps://www.abm.co.uk/https://www.emergencyuk.com/pfmb18