Deals lift revenue at Surface Transforms

SURFACE TRANSFORMS, the Ellesmere Port manufacturer of high performance ceramic brakes, is hitting management targets.

Turnover for six months to November was up 38% to £558,000 which the company said was down to an agreement with a major global manufacturer of clutch and transmission systems.

Deals with car racing teams also contributed to the growth. Cash at the end of the six months was £375,000, compared to £391,000 last time.

Chairman David Bundred said: “It is encouraging to report a significant increase in sales consistent with the board’s target of EBITDA break even in the current financial year.

“Good progress is also being made on longer term ‘game changer’ strategic contracts as well as the more immediate retrofit market opportunities. In respect to this latter segment, the company is in advanced discussions on opening complementary new distribution channels into the growing track-day market; a potentially significant underpinning to the short term break even goal.”

Interim figures for the period will be published in November.