News / East Lancashire company announces exceptional growth

Burnley-based Velocity Composites plc, the leading supplier of advanced composite material kits, providing engineering value-solutions for the global aerospace industry, has announced revenue growth up 46% to £21.4m, for the financial year ending 31 October, following its maiden year as a Plc.

The boost in revenue comes as a result of Velocity’s significant increase in contract wins and the success of the new Fareham facility. Global growth, with customer requests from the Americas and Asia, saw the first half of the financial year attain revenues of £9.3m, whilst in the second half of the financial year, Velocity revenues rose by 30% to £12.1m.

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East Lancashire company announces exceptional growth