K.S. Composites Receives £3.25M Lending Facility
Summary
Composites supplies Formula 1 teams with both structural and non-structural carbon fibre components from chassis parts to body panels. It is also working to expand into other new sectors including defence, where there is an increasing demand for sophisticated carbon fibre components. The business has also recently secured a new civil engineering contract with Network Rail, using its innovative materials to construct more sustainable composite footbridges. The business, which has doubled its revenue over the last two years, has set up its own Composite Training School, with 30 newcomers to the industry having already completed the course. This is also a key part of the business’ strategy, by contributing to British manufacturing and providing ongoing training to UK based talent, reducing the sector’s use of offshore contractors.