Velocity’s Revenues Soar in First Results since IPO

Engineer using laptop computer for machinery maintenance

Velocity’s Revenues Soar in First Results since IPO

Revenues have climbed by a third at Velocity Composites in the Burnley-headquartered aerospace products manufacturer’s first set of results since floating.

The company has posted revenues of £9.3m for the six months ending 30 April 2017, up by 31 per cent on a year earlier. On 18 May 2017, Velocity listed on AIM attracting total investment of £14.4m including net cash proceeds into the business of £9.2m.

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