West Midlands manufacturing sector among the UK’s top regional performers
West Midlands manufacturing businesses have enjoyed a sound financial performance over the past month, while the tourism sector continues to struggle, according to the latest sector tracking report from insolvency and restructuring body R3.
The statistics, compiled using Bureau Van Dijk’s Fame database, also reveal an uncertain outlook for the region’s transport and haulage operators.
The West Midlands manufacturing sector was among the UK’s top regional performers in April, with fewer than one-in-five (18.4 per cent) businesses operating with an above average risk of insolvency.
This percentage was surpassed only by Northern Ireland.