More Birmingham manufacturers in financial distress concludes Red Flag Alert

THE number of Birmingham manufacturers at risk of significant financial distress has risen by more than a quarter, according the new figures.

The latest Begbies Traynor Red Flag Alert shows the important sector has been hit hard by changes in the economy over the past 12 months with the number of firms in difficulties rising from 246 in Q1 2015 to 316 in Q1 of 2016, an increase of 28%.

The impending EU referendum is also doing little to quell concerns, the report concludes.

Mark Malone, director at ... For the full story register now for free or login below...