A small-cap manufacturer on the road to recovery

Latest figures show that the UK's manufacturing sector is bouncing back faster than anticipated. Tom Bulford picks one small-cap firm that took a battering, but which is now staging a recovery.

Latest Government figures show that the UK's beleaguered manufacturing sector is growing at twice the anticipated rate. And where better to take the temperature of industry than the Black Country?

Last week I visited Tricorn (LON:TCN), a Midlands manufacturer that is not so much a metal basher as a metal bender. Long standing subscribers of Red Hot Penny Shares may recall that this admirable little company delivered us a 138% return in 2005. Since then it has been battered by the recession. But it is now showing every sign of staging a recovery.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.