One in three companies in the UK Gaming industry could change ownership as a result of the current economic climate, claims a new study by leading financial analyst Plimsoll.
With a surprising number of “cash-rich” competitors waiting in the wings, the market could be set for a prolonged period of consolidation. Plimsoll’s David Pattison said: “I am sure any director worth his salt would agree that, in the current climate, there are simply too many companies chasing too little market.
“With many directors eyeing the exit doors and highly leveraged buyouts consigned to history for the time being, it really is a buyer’s market out there for cash-rich companies.
“The UK Gaming market is still widely regarded as one of the UK’s most fragmented sectors. In our report we analysed 503 companies with a turnover of over £1m per annum and have picked out 298 that are primed to be taken over. Buying one of these businesses represents a massive opportunity for someone to enhance their share of the market. Either way, the market is set for a wave of takeovers in the next few months.”
