19.14 Companies X and Y have the following assets in their statements of financial position:

X Y

£m £m Non-current assets Intangible assets 136.0 —

Property, plant and equipment 25.7 189.6 161.7 189.6 Current assets Inventories 0.4 136.3 Trade receivables 96.3 100.7 Cash 36.7 —

133.4 237.0 ASSETS 295.1 426.6 Which of the companies is most likely to be a manufacturing business? Explain the reasons for your choice.