Excessive regulation and Brexit
Excessive health and safety regulation may have been a feature of our EU membership, but leaving the European Union means we now need to adapt to new measures as regulations change, which could potentially affect the sector in a negative way.
Specialising in one industry
If a health and safety business specialises and offers their services to only one industry, they are exposed to greater risk of financial difficulty and an adverse effect on profits if the industry in question experiences a general decline.
Perception of health and safety as a burden by employers
Although health and safety is a critical issue for all employers, and one they have a legal obligation to address, a negative view is often taken of health and safety requirements and their subsequent using up of working capital.
This view of health and safety as a cost rather than a business benefit means companies operating in this sector must clearly articulate their value in assisting their clients comply with the regulations, and helping them avoid the hefty fines imposed by the Health and Safety Executive (HSE) for non-compliance.