Benchmarking

Benchmarking is the process of comparing your key results with those of your competitors.
This is not always an easy process as, whilst information is readily available at Companies House, this typically does not include details of income and expenditure for companies with turnover below £6.5 million nor does it include unincorporated businesses.

We have co funded the development of a separate database of businesses throughout the UK that will allow us to benchmark 19 of your key performance indicators against those of your peers in your geographical area.

The 19 KPIs include:

  • Sales growth
  • Gross profit percentage
  • Average employee costs
  • Debtor days

Benchmarking helps to identify areas in your business where there is room for improvement and can be used as a standalone exercise to help you improve results or when setting targets as part of your business planning.