This book attempts to use relevant financial information to determine whether corporate failure can be predicted by developing a Z-Score Model for use in the UK Manufacturing sector. The Z-Score model is developed after an empirical investigation of the financial characteristics of private medium sized failed and non-failed manufacturing firms in the UK, during the period 1994-2004. The author was motivated by the fact that, to date a clear overview and discussion of UK manufacturing sector failure is still lacking. The Z-Score model developed in the book adopted the multivariate framework. Particularly Multiple Discriminant Analysis (MDA) was used to develop the Z-score to support the notion that: 1. Z-score is an innovation to overcome the numerous difficulties associated with using single ratios to measure companies’ health or risk of failure. 2. MDA has superior discriminating power over individual financial ratios in predicting bankrupt and non-bankrupt firms.