The UK leather industry looks unsettled this autumn as 257 of the 935 companies involved in the overall sector are overtrading in order to keep sales, according to the latest Plimsoll financial analysis.

The full consequences of this practice have not yet materialised but already almost half of the industry has seen its profitability decline. David Pattison, Senior Analyst at Plimsoll explains: “The good times could be passing; profits are certainly falling. In an attempt to retain sales, 257 companies have already started to blatantly oversale, selling at a loss.”

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