A material manufacturer, specifically providing products to the defence sector. The business operates primarily with commercial clients including blue-chip companies within the defence sector such as BAE, Babcock and Lockheed Martin. Designing, developing and mass producing fabric covers for vehicles and equipment. The business operates from a large industrial unit with a workshop, storage and offices alongside staff facilities. The premises are available on a freehold basis.
The business operate as a specialist manufacturer of waterproof and protective textiles. The company typically provides its products for the defence and automotive industries although ad-hoc work has been completed for construction & civil engineering clients. The company operates with c.40 active clients.
Managing the entire process, they provide a turnkey solution to clients. In the defence sector, the company is a first-tier primary contractor for the Ministry of Defence (MOD). This work within the UK industry has naturally expanded the company’s client base, with work completed for European militaries. Having operated for c.80 years, the company has a system that can search for relevant NATO Stock Numbers (NSNs) dating back as far as the 1960s. Through this, the company can still manufacture products for historic equipment and use this as a base when designing for modern military equipment.
| Turnover (£'000) | Adjusted EBITDA (£'000) | |
|---|---|---|
| 2023 (Actual) | 1,200,000 | 264,000 |
| 2024 (Actual) | 1,005,000 | 338,000 |
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