Crowe Horwath, a global mid-tier accounting firm, in partnership with the Building Service Contractors of Australia (BSCAA), is pleased to announce the inaugural cleaning industry benchmarking study for Australia.
This is the first study of its kind and the aim is to answer some of those daunting, financially-related questions to provide insight into the industry, and help businesses identify and address problem areas.
The analysis is conducted using Crowe Horwath’s proprietary limited tool, Open Measures, an online tool which gives business decision-makers the ability to compare company’s results to others in the industry, and over time.
Participating in the study can help business:
- Benchmark its financial position against the industry’s key performance indicators such as: profitability, interest expense, labour cost, rent, and working capital
- Interactively compare your performance against groupings of similar cleaning businesses using a number of filters including geographic location and company size This gives you a relevant and meaningful benchmark to work from and realistic goals to aim for
- Assess performance tracking over time, and understand whether your business is realising its full potential
- Gain insight into how the cleaning industry expects to perform
“The cleaning industry within Australia is continuously evolving – so it is not only important to understand how your business can adapt and change appropriately, but it is also crucial to know where you stand in comparison to your competitors,” stated Angus Stewart, Crowe Horwath’s business development executive.
The survey will open 5 May 2014 and will be available via the BSCAA website, www.bscaa.com
If your business has an annual revenue of $2 million and above they invite you to participate free of charge for all Australian cleaning companies.
For more information please contact Jim Softsis, partner – business advisory at Crowe Horwath at jim.softsis@crowehorwath.com.au Tel: +61 2 9619 1763 | Mob: 0419 400 697
Privacy – all information submitted is secure and will be held in the strictest confidence. Comparisons to others in the industry will only be allowed at an aggregate level (by State, similar revenue, etc). The financial performance of your specific business will not be visible to survey participants.