Benchmarking is the method of comparing the performance of your business with that of your Competitors in your industry. We simply ask you to input the actual information from your accounts which will allow you to compare your business with the average and best performers within your industry sector. The report is fully explained in laymen's terms and is easy to understand. If you complete the benchmarking exercise, you will be able to access the training modules from the training page at no extra charge.
Example of one part of the benchmarking report which compares you with average and best.
To get the best results from the process, it helps to compare your business with as many other businesses as possible, which is why we use data from an internationally acclaimed agency with financial data from over 1 million businesses in the UK.
A small investment of £95.00 (inc. VAT) and half an hour of your time is all it takes to see how you compare to other businesses that do what you do.
First you need to tell us what you do!
Standard Industry Classifications (or SIC codes) describe what businesses do. Select your primary business category below.
This shows how you use capital in your business.
The table at the side is an example of the type of graph you will find in the Business Benchmarking report. This particular table looks at the relationship of the key working capital measurements of Debtor Days; Payment Days and Stock Cover Days between you and the average and best performers in your industry sector.
Remember - you can choose to enter anything up to 4 years information into our questionnaire if you would like to take a closer look at your trends. If you are really only interested in benchmarking your performance against your competitors, then you really only need to enter the latest year's figures.
Partnership / Sole trader
Limited Company
Once you have selected your SIC code, you will need to have your company accounts to hand. Don't worry about our input questionnaire - it will explain what you need to do as you go along. You can enter anything from one to four years accounts information.
We are going to help you compare your business with that of your Competitors right now!
