The Future's Bright for North West Manufacturing

Here at Ashworth Treasure Accountants, we work with several North West manufacturing companies and their success is quite significantly due to their ability to stay ahead of the game in terms of design, innovation and technological advancements.

The UK is the 6th largest manufacturing country in the world by output. Despite this, some sectors have been in decline. This is due to other countries being able to provide goods at lower prices than the UK, and has been compounded by rising energy, material and employment costs in this country.

The Lancashire based businesses that we work with have grasped the fundamental concept of playing to their strengths.

These strengths are mainly technological and design based. Rather than trying to keep wages down, they are employing well qualified individuals who can deliver the best designs and creativity. This enables these companies to win business more easily than their competitors.

Globalisation has also offered new opportunities with the discovery of new markets and at Ashworth Treasure Accountants, we believe that our work supporting manufacturing companies in research and development by keeping them best informed about tax, grants and with general business advice is also playing a part.