Covid-19 disruption, resilience and industrial policy: the automotive sector in the West Midlands

Figures & data

Table 1. Largest 50 (revenue) automotive firms in the West Midlands, 2019.

Rank	Company	Parent Company	Operating revenue (£ thousands)	Profit margin (%)	Profit per employee (unit) (£)	Current ratio (x)	Liquidity ratio (x)	Credit score	Employees	Risk
1	Jaguar Land Rover Ltd	Tata Motors Ltd	£20,870,000	−18.55%	−£117,551	0.86	0.70	89	32,939	High
2	Aston Martin Lagonda Ltd	Aston Martin Lagonda Global Holdings PLC	£864,400	−17.38%	−£63,269	0.35	0.23	25	2374	High
3	ZF Automotive UK Ltd	Zeppelin-Stiftung	£849,608	9.65%	£30,025	1.21	1.14	36	2732	Medium
4	Sumitomo Electric Wiring Systems (Europe) Ltd	Sumitomo Electric Industries, Ltd	£697,875	0.31%	£89	1.78	1.01	89	24,134	Medium
5	Adient Seating UK Ltd	Adient Public Ltd Co.	£373,328	−3.59%	−£9344	0.90	0.75	52	1435	High
6	Antolin Interiors UK Ltd	Avot Inversiones SL.	£365,872	−0.89%	−£1633	1.05	0.47	33	1997	High
7	International Automotive Components Group Ltd	Invesco Ltd	£353,292	1.50%	£4147	1.34	1.18	31	1275	Medium
8	Leoni Wiring Systems U.K. Ltd	Leoni AG	£280,939	1.58%	£11,647	3.52	3.14	89	382	Low
9	Dennis Eagle Ltd	Stichting Administratiekantoor Royal Terberg Group	£236,915	7.79%	£21,475	2.01	1.39	99	859	Low
10	Brose Ltd	Brose International GmbH	£217,751	2.38%	£8805	1.27	1.04	95	589	Medium
11	Cartwright Holdings Ltd^a	Zenith^a	£186,420	1.78%	£3204	1.58	1.07	n.a.	1035	Medium
12	GKN Driveline Birmingham Ltd	Melrose Industries PLC	£170,600	−7.94%	−£21,000	0.39	0.30	46	645	High
13	Sai Automotive Fradley Ltd	Faurecia^b	£144,616	4.48%	£13,287	2.55	2.34	97	488	Low
14	London EV Co. Ltd	Geely	£143,407	−44.23%	−£129,699	1.71	1.57	29	489	Medium
15	Auto-Sleepers Group Ltd	Trigano	£142,070	4.22%	£13,118	1.33	0.24	99	457	Medium
16	Stadco Ltd	Ontario Inc.	£136,380	4.29%	£8880	0.94	0.76	85	659	High
17	Rheinmetall BAE Systems Land Ltd	Rheinmetall AG	£130,500	5.36%	£13,333	1.08	0.97	77	525	High
18	UK-NSI Co. Ltd	Nippon Seiki Co. Ltd	£92,629	2.58%	£5685	0.84	0.59	29	420	High
19	Koito Europe Ltd	Koito Manufacturing Co., Ltd	£82,492	6.86%	£9215	3.07	2.80	99	614	Low
20	Grupo Antolin Leamington Ltd	Avot Inversiones SL.	£65,222	2.56%	£9017	0.82	0.60	36	185	High
21	Grainger & Worrall Ltd	–	£61,047	6.43%	£6624	1.02	0.68	95	593	High
22	Faurecia Emissions Control Technologies UK Ltd	Faurecia^b	£58,497	7.13%	£43,916	1.04	0.86	93	95	High
23	Don-Bur (Bodies and Trailers) Ltd	–	£53,214	3.27%	£3718	1.57	1.13	99	468	Medium
24	Carwood Motor Units Ltd	–	£41,611	13.91%	£21,918	3.99	3.46	99	264	Low
25	Polytec Car Styling UK Ltd	Polytec Holding AG	£40,414	−13.27%	−£11,263	0.66	0.48	28	476	High
26	Magna International Holding (UK) Ltd	Ontario Inc.	£36,671	−0.64%	−£1094	0.68	0.57	89	213	High
27	Dau Draexlmaier Automotive UK Ltd	Dräxlmaier Group	£36,222	3.73%	£2681	2.39	2.39	89	504	Low
28	Arcelormittal Tailored Blanks Birmingham Ltd	Arcelormittal SA	£34,877	3.43%	£12,464	2.66	1.68	37	96	Low
29	Walsall Pressings Co. Ltd	Ricor Global Ltd	£34,275	2.74%	£4082	2.13	1.52	99	230	Low
30	Mahle Filter Systems UK Ltd	Mahle	£32,071	−58.48%	−£104,771	0.53	0.33	77	179	High
31	Cab Automotive Ltd	–	£31,615	−34.39%	−£37,884	0.29	0.19	24	287	High
32	Bevan Group Ltd	–	£30,172	1.67%	£1599	2.05	1.56	95	315	Low
33	Morgan Motor Co. Manufacturing Ltd	Sports Cars (England) Combined S.C.A.	£29,594	4.26%	£6919	1.71	0.9	30	182	Medium
34	Aisin Europe Manufacturing (UK) Ltd	Aisin Corp.	£27,255	−18.55%	−£22,775	0.61	0.35	55	222	High
35	Drybrough Trading Ltd	Ri Bayton LLP	£25,900	16.10%	£15,335	2.50	1.96	95	192	Low
36	Brian James Trailers Ltd	–	£25,870	20.69%	£30,939	5.14	4.22	51	173	Low
37	Valeo Engine Cooling UK Ltd	Valeo	£25,858	3.79%	£14,203	1.79	1.72	99	69	Medium
38	Tricorn Group PLC	–	£22,763	4.17%	£3125	1.10	0.70	86	304	High
39	Vector GB Ltd	Vector Stiftung	£21,464	22.39%	£126,482	1.85	1.85	97	38	Low
40	Sertec Precision Components Ltd	Sertec Corp. Ltd	£20,243	−6.16%	−£6928	1.34	1.13	86	180	High
41	Trakm8 Holdings PLC	–	£19,145	−18.61%	−£15,292	1.76	1.40	86	233	Medium
42	Pailton Engineering Ltd	R T Nollett Trust	£18,675	9.53%	£9268	6.36	4.19	99	192	Low
43	Dana UK Driveshaft Ltd	Dana Inc.	£17,941	10.07%	£44,049	3.68	3.04	89	41	Low
44	Erlson Precision Components Ltd	Erlson Precision Holdings Ltd	£17,399	−0.49%	−£346	0.85	0.59	24	246	High
45	Adv Brightware Manufacturing Ltd	–	£16,727	0.69%	£410	0.87	0.45	34	188	High
46	Park Sheet Metal Co. Ltd	Rubicon Partners Ltd	£16,048	−0.22%	−£203	1.42	1.11	95	193	Medium
47	Albert Jagger Holdings Ltd	–	£13,862	6.72%	£11,494	4.09	2.70	99	81	Low
48	Borg Automotive UK Ltd	Schouw & Co. A/S	£13,468	2.81%	£3158	9.38	4.10	92	120	Low
49	Rimstock Ltd	Midlands Holdco Ltd	£11,860	−55.97%	−£34,983	0.90	0.43	397.34	89	High
50	NTM-GB Ltd	NTM	£11,583	−1.88%	−£2695	1.11	0.23	236.46	77	High

Note: 2019 data.

Fame does not provide precise information about the region in which employees are based, thus not all accounts are directly comparable.

The West Midlands hosts other key organizations in the automotive sector (e.g., BMW), however they are not included in Fame’s list because they are headquartered outside of the UK.

^aIn administration (acquired by Zenith).

^bCompleted the takeover of Hella (group to be named Forvia as of February 2022).

Source: Fame Bureau van Dijk database.

Table 2. Risk by location of the ‘top 50’ automotive firms.

Postcode area	Firms
	Low risk	Medium risk	High risk	Total
Coventry	6 (1721)	3 (1271)	10 (40,415)	19 (43,407)
Birmingham	3 (638)	5 (5344)	5 (1556)	13 (7538)
Walsall	5 (1234)	– –	1 (95)	6 (1329)
Worcester	1 (684)	2 (639)	1 (304)	4 (1627)
Stoke-on-Trent	1 (382)	2 (24,602)	– –	3 (24,984)
Dudley	– –	– –	2 (364)	2 (364)
Hereford	– –	– –	1 (476)	1 (476)
Telford	– –	– –	1 (525)	1 (525)
Wolverhampton	– –	– –	1 (593)	1 (593)
Total	16 (4659)	12 (31,856)	22 (44,328)	50 (80,843)

Note: The table is generated from Table 1.

Numbers in parentheses correspond to the number of employees in N firms.

Source: Fame Bureau van Dijk database.

Figure 1. Vulnerability (risk) versus employment size.