Mid-sized manufacturers have outpaced large and small manufacturers’ revenue growth and taken the lead in annual turnover for the sector, according to new research published today by accountancy and business advisory firm, BDO.
In the past five years, mid-sized manufacturing – mittelstand – businesses increased turnover by 29.2% from £158.4bn to £204.6bn. In comparison, large manufacturers grew revenue by 20.8% from £167.8bn to £202.8bn, and small businesses saw an increase of 19.7% from £15.8bn to £19bn. Mid-sized manufacturers have also seen profits increase at a greater pace than…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
