The makers of the Microcord/flex, were the MPP (Micro Precision Products, I believe the initials stood for) and were located at Kingston-upon-Thames, to the south-west of London. As well as the Microflex and Microcord, they manufactured a range of MPP 4x5 cameras, which even today, are greatly revered for their quality. My understanding is around 1960, they approached the then government for backing to expand their camera manufacturing capacity. The government's alleged response was, "There's no future for camera manufacture"......
Even with Britain at the time, still in severe economic difficulty due to the sacrifices of the Second World War, you do have to wonder at the short sighted thinking of politicians. Had they continued manufacturing camera equipment, they would have been on an equal footing with Leica, Nikon etc. in terms of quality products. It is perhaps,ironic that the two countries who instigated and eventually lost that terrible war, should come out winners on the camera manufacturing front.