Data from the business advisory firm’s latest North West Share Index report shows a particularly strong performance from Styles Wood, which more than trebled its market capitalisation in the period following the refinancing of outstanding convertible preference shares.

Other big risers included 4D Pharma (71 per cent), Ensor Holdings (65 per cent) and Renold (50 per cent).

The majority of the region’s entries on the FTSE 350 list of leading listed companies also enjoyed a buyout quarter including JD Sports (47 per cent), Redrow (23 per cent) and MoneySupermarket (8 per cent).

Chris Robertson, partner in charge of plc activity at Deloitte in the North West, said: “The strong and consistent growth of the region’s listed businesses again provides a strong indication that not only is the market open, the appetite from investors for North West companies is extremely healthy.

“Individual performances over the last three months have been outstanding, with JD Sports’ growth of almost 50 per cent extremely impressive, particularly given the large size of the business. The region has also demonstrated that its innovative businesses can continue to drive growth, with 4D Pharma an excellent example.

“These results should provide companies considering an IPO [initial public offering] a boost, and with the region’s listed businesses continuing strong growth, the signs look positive in the coming months.”