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Awash with cash, 212 of the UK’s leading Freight Forwarding companies face a strategic dilemma suggests a new report from industry analysts Plimsoll Publishing.
An abundance of unused cash is sitting on the books of just 212 cash rich Freight Forwarders.
However David Pattison, senior analyst, says that this “cash asset” needs to be out to work. Pattison added: “It sounds strange, but putting this cash to good use for the development of the company can be a very difficult problem. Just letting it sit in the bank, although comforting, is not going to have a huge benefit on the business. Do you make an acquisition, make a large capital investment, or return in to the shareholders through dividends?  These are not easy decisions for these companies with improving cash to make. I look forward to seeing what they do in the coming months.”