Fire

Interest rates rise could break fire protection companies.(News)

Coinciding with the recent hike in interest rates and amid concerns that levels of borrowing are escalating, a new analysis by industry specialists Plimsoll Publishing has looked at how high levels of debt are impacting on the financial health of the top 890 fire protection companies.

It found that 244 of the 890 companies analysed are in fact in more debt now than they have been in the last four years. Using other people's money to finance your company is, it seems, an increasing trend.

David Pattison, head of research at Plimsoll, commented: "We are always surprised how no one at these companies seems to realise their debts are rising and the effect it's having on the overall financial strength of the company. …

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