Business
Update on Expanded HQ and Manufacturing Facility
Concurrent Technologies Plc has revised its headquarters and UK manufacturing facility expansion plans due to delays in its original relocation project, opting for a lower-cost alternative to accelerate capacity growth. The company has secured a 10-year lease for approximately 14,800 square feet of adjacent office space, allowing its office-based staff to move and freeing up its existing 19,000 square feet for reconfiguration and increased manufacturing capacity. This move, along with continued investment in new machines to double PCB assembly capacity, is expected to be completed in the first half of 2026, positioning the company to better meet growing customer demand. Disclaimer*
About this update from Concurrent Technologies Plc
[{"type":"text","content":"\n\n23 December 2025\n \n \nConcurrent Technologies Plc\n(\"Concurrent\", the \"Company\" or the \"Group\")\n \nUpdate on Expanded Headquarters and Manufacturing Facility\nConcurrent Technologies Plc (AIM: CNC), a designer and manufacturer of leading-edge computer products, systems, and mission-critical solutions used in high-performance markets by some of the world's major OEMs, announces an updated plan for its Colchester-based headquarters and UK manufacturing facilities.\nOn 31 March 2025, the Company announced its intention to relocate to a new property to house its headquarters and UK manufacturing. Substantive delays to planning consent beyond the Company's control have prevented this progressing and as a result, Concurrent has approved an alternative, lower cost option to accelerate the timeline for capacity expansion.\nThe Company has agreed terms to a 10-year lease for approximately 14,800 square feet of office space in a newly refurbished building immediately adjacent to its existing facility in Colchester. Office-based staff will relocate to the new building, releasing space within the existing 19,000 square feet at the current site, allowing the current site to be reconfigured for additional manufacturing capacity, and efficiency of production layout. Additionally, terms have also been agreed for a new 10 year lease at our current site, securing the expanded production capability beyond the mid 2030's.\nConcurrent will also continue with its previously stated investment in new machines to double PCB assembly capacity, further strengthening its ability to meet customer demand. The Company expects to upgrade the current facility and complete the move into the new office building in H1 2026.\nMiles Adcock, CEO, said: \"We are confident that this new plan, which emerged as a more attractive option as we became aware of delays to the original project, puts us in a stronger position to meet growing demand. By relocating office-based teams into high-quality space next door, we can quickly expand our factory footprint and invest in the additional capacity needed to support our growth.\"\nEnquiries:\n\n\n\n\nConcurrent Technologies Plc\nMiles Adcock - CEO\nKim Garrod - CFO\n \n\n\n \n+44 (0)1206 752626\n\n\n\n\nAlma Strategic Communications\nHannah Campbell\nJosh Royston\nWill Merison\n \n\n\n\n...