The British Chamber of Commerce has warned that 6 out of 10 Clothing Manufacturing companies will run out of cash within the next 3 months. However, a new report from Plimsoll has named Professional Clothing Industry Association Worldwide Limited among 196 Strong companies with the strongest balance sheets that are in the best position to survive the COVID-19 crisis.
The cash crisis edition of the Plimsoll Analysis has assessed the financial and cash fundamentals of the UK’s top 437 Clothing Manufacturing companies to give you early warning of which companies have the financial stability to carry on and who will fail first. This unique report shows:
- Professional Clothing Industry Association Worldwide Limited has been rated as “Strong”. Your strong balance sheet puts you in a strong position to survive the immediate and thrive in the post crisis recovery
- 196 other companies have also been rated as Strong and are most likely to be standing alongside you at the end of the current crisis
- Unfortunately, 79 companies were in a weakened cash position before the crisis. The current lockdown and economic paralysis have caught them out and many are likely run out of money
- 94 of these cash strapped companies are otherwise good businesses. There are some potential high return acquisition opportunities among these businesses
The new Plimsoll Analysis is designed exclusively for strong, cash rich companies like Professional Clothing Industry Association Worldwide Limited to be best informed to survive and thrive once the explosive recovery kicks in. With an easy to digest analysis on every company that matters in the Clothing Manufacturing industry you will be able to see how well prepared you are to succeed compared to the rest and who is set to fail.
To order the Plimsoll Analysis today, simply confirm your address for invoicing and I will have access arranged.