The impact of recession on the manufacturing industry last year materialised as a twelve per cent rise in firms falling into administration, Deloitte has revealed.
In total, 526 manufacturing companies fell into administration during 2009 which was 17 per cent of the total number in the UK across all sectors. Only the construction industry suffered more (20 per cent). In contrast, total UK administrations across all sectors fell by two per cent down on 2008 figures (3,245 to 3,188). Things…
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