The manufacturing sector is benefiting from a more supportive environment. Over the past three years there has been a slow but steady decrease in the number of administrations.
Matthew Haw, Restructuring and Recovery partner at Baker Tilly comments: "The manufacturing sector is benefiting from support from the Government as well as more tolerant secured creditors and the continued period of low interest rates. The Q2 figures (92 administrations) for the sector are less than half of the Q2 figures from 2009 (190) and approximately a third of those in Q1 2009 (257) at the peak of the recession."
Matthew Haw is available to comment on 020 3201 8000