West Midlands manufacturers ‘among most financially stable’
West Midlands manufacturing companies are continuing to outperform the majority of their regional counterparts as new research reveals that they are among the most financially stable in the UK.
May figures compiled by insolvency and restructuring body R3’s Midlands branch, using Bureau Van Dijk’s Fame database, show that around one-in-three – 32.2% – manufacturers in the region are at higher than normal risk of insolvency. This is one of the lowest percentages in the UK and equates to 6,023 local businesses.
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