The AM100 has finally shown some growth. Total turnover is ahead of 2011 by slightly more than 7% and is, incidentally, the highest it has ever been. The entry threshold has risen to £104m, from £100m in 2011 and £97m in 2010. Some of this must be due to the acquisition activity, but a large part is down to an increase in the market, with 2012 registrations being 5.3% up on 2011. AM100 groups now control 2,700 outlets, an increase of about 170 on 2011 and just over half the total is franchised outlets. Slightly more than 100 of this increase has happened in the top quartile, 25 in the next, 18 in the third quartile and 17 in the final 25. Less significant change in past AM 100s has been described as "consolidation". An increase in deal activity as "yet more consolidation" and those making the acquisitions as "consolidators".
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