Yorkshire manufacturing ‘strongest in the UK’

THE MANUFACTURING sector in Yorkshire is continuing to perform strongly, once again showing a more robust recovery than in any other region, according to research by insolvency trade body R3.

Latest figures for November 2014 reveal that only 17.2 per cent of manufacturing firms in Yorkshire have a higher than normal risk of insolvency, the smallest proportion of any of the 11 regions surveyed in England, Wales, Scotland and Northern Ireland.

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The East Midlands and Northern Ireland also put in strong performances (17.9 per cent at higher than normal risk) while the poorest performances in the sector were in London (25.8 per cent) and the South East (21 per cent).

Yorkshire also saw a fall of more than 1 per cent in the proportion of high risk businesses in the sector since the previous month.

R3 uses research compiled from Bureau van Dijk’s ‘Fame’ database of company information.