Contents:

- Industry Overview A clear, concise commentary gives you an overview of the industry's financial performance. Graphs and tables make it easy for you to spot performance trends. - Company Profiles This part of the report provides information on all the companies included in the analysis. To make comparison between companies easier, the information is presented in a standard format for each: Contact Information: Trading address Telephone & Fax numbers Company secretary & directors names Company Structure: What the company does Who owns the company Which are the major subsidiaries Accounting/Financial Data: Profit & Loss accounts for the previous 3 or 4 years Balance sheet for the previous 3 or 4 years Performance Analysis: Financial ratios grouped according to profitability, efficiency, debt, employee performance and growth. League Table Positions: How the company performs relative to all the others in the sector - Performance League Tables This section ranks companies on a full range of financial ratios. All the tables are listed in order of 'best' to 'worst' results to help you gauge which are the strongest companies on any criteria. In addition, each table brings you the ratio result for the sector as a whole, so you have a benchmark 'average' for comparison purposes. - Industry Profile The Industry Profile lists basic Profit & Loss and Balance Sheet data for the 'average' company in the sector. This can then be used as a benchmark for comparison with individual company profiles in the report.

Summary:

This summary brings you a sample of key details from this invaluable report. The report itself includes many further analyses of the performance of individual companies and the industry as a whole. The report provides in-depth financial analysis on these companies in these 4 clear sections: - Performance League Tables - Individual Company Profiles - Industry Overview - Industry Averages This Business Ratio Report focuses on the leading 138 companies operating in the Air Conditioning Industry. The Report analyses company and industry performance over the three years up to 7th December 2006. During this period, the average Report company experienced a 2.9 percent increase in sales; which rose from £12.1 million in 2003/04, to £12.4 million in 2005/06. Pre-tax profits fell, however, from £572,000 in 2003/04, to £354,000 in 2005/06.

Companies Mentioned

Air Conditioning Manufacturers Airedale International Air Conditioning Ltd Aspen Pumps Ltd Biddle Air Systems Ltd Bliss & Co. Ltd Cooltime Engineering Services Ltd Eaton-Williams Group Ltd Electro Controls Ltd Envirotec Ltd Flamco UK Ltd HTG Holdings Ltd Mellor Bromley Air Con. Srvcs Ltd Nationwide Air Conditioning Ltd Nu-Aire Ltd Senior Hargreaves Ltd Thermal Energy Ventures Ltd Toshiba Carrier UK Ltd Trox UK Ltd Vaughan Engineering Group Ltd Air Conditioning Contractors Ac2000 Ltd Accent Services (Air Con.) Ltd Accurate Cooling Services Ltd Acorn Engineering Ltd Air Conditioning Southern Ltd Air Improve Ltd Airtech (Service & Maintnnce) Ltd Airtec Services (Yorkshire) Ltd Airway Air Conditioning Ltd All Facility Services PLC Andrews Air Con. & Refrigeratn Ltd The Aqua Group Ltd Building Services Installations Ltd City Refrigeration Hldngs (UK) Ltd Colin Burrows Air Conditioning Ltd Combined Technical Solutions Ltd Comsite Projects Ltd Constant Air Systems Ltd Control Design (A/C) Ltd Craig Alan Controls Ltd DAC Air Conditioning Ltd Dalkia Energy & Technicl Srvcs Ltd Delrac Air Conditioning Srvcs Ltd Delta Environmental Services Ltd DMA Mechanical & Air Con. Ltd EAC Mechanical & Electrical Ltd Electrum Services Ltd Elmstead Mechanical Services Ltd The Environmental & Process Eng. Grp Hldngs Ltd Th Envrnmntl & Prcss Eng. Grp Ltd EPM (Holdings) Ltd E & S Heating & Ventilation Ltd FranklynAir Ltd Freeair Services Ltd G. K. Industrial Ltd GSH Group Plc Hanmar Air Conditioning Ltd H & C Contracts Ltd Hewer's Ltd ID Support Services Holdings Ltd ID Support Services Ltd Jaylee Refrigeration Ltd J C W Air Conditioning Ltd John Wallis Titt & Co., Ltd Kimpton Ltd Kinlochs & Son Ltd Lawson Management Services Ltd. Leader Air Conditioning Ltd LH PLC Mala Engineering Ltd Metainy Maintenance Ltd Metair Mechanical Services Ltd Metromec Building Services Ltd Mitie Air Conditioning (London) Ltd Mitie Air Con. (Midlands) Ltd Mitie Air Con. (Scotland) Ltd Mitie Air Con. (South West) Ltd Mitie Air Conditioning (Wales) Ltd Mitie Air Conditioning (West) Ltd Mitie Energy Ltd Moore Of Devizes Ltd Morcool Services Ltd A.S. Nicholls Ltd Northco Ltd Orbit Care Services Ltd Pearl Technical Services Ltd Pipe2000 Ltd Premier Cooling Services Ltd Quality Air Conditioning Ltd R.A.D. Mechanical Services Ltd Riverside Industrial Equipment Ltd Ryan Air Conditioning Systems Ltd Scotia Energy Saving Systems Ltd SGL Systems International Ltd Shepherd Engineering Srvcs Ltd S. M. M. Services Ltd L.M. Straughan Ltd Swift Express Maintenance Ltd Technicool Air Conditioning Ltd Trane (UK) Ltd Watco Refrigeration Ltd Weatherite Building Services Ltd Westco Ltd Westway Cooling Ltd Air Conditioning Distributors Auto Air Gloucester Ltd Coolair Equipment Ltd Daikin Airconditioning UK Ltd E.H.S. (International) Ltd Foxdale Management Ltd Hans Guntner (UK) Ltd Holland Heating UK Ltd Klima-Therm Ltd M-Cool Ltd Mitsubishi Heavy Industries Europe, Ltd. Optimum Group Services PLC Rectus-Tema UK Ltd S.K. (Sales) Ltd Space Airconditioning PLC Systemair Ltd Tool & Fastener Solutions Ltd Trion Ltd Walter Meier (Climate UK) Ltd Wolseley PLC Environmental Control Systems AAF Ltd Colt Group Ltd Colt International Ltd ET Environmental Ltd Honeywell Control Systems Ltd Ketech 2AS Ltd Next Control Systems Ltd Sigma Coachair Group (UK) Ltd Trend Control Systems Ltd Working Environments Ltd