28 April 2025
Velocity Composites plc
("Velocity" or the "Company")
Publication of Annual Report and Accounts
Velocity Composites plc (AIM: VEL), the leading supplier of composite material kits to aerospace, confirms that the Company's audited results for the twelve months ended 31 October 2024 were posted to shareholders on 29 January 2025 and were simultaneously made available on its website.
Enquiries:
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Velocity Composites plc |
+44 (0) 1282 577577 |
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Andy Beaden, Chairman |
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Jon Bridges, CEO |
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Rob Smith, Chief Financial Officer |
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Canaccord Genuity Limited |
+44 (0) 20 7523 8000 |
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Nominated Adviser and Joint Broker |
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Max Hartley |
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George Grainger |
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Dowgate Capital Limited |
+44 (0) 20 3909 7715 |
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Joint Broker |
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Russell Cook |
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Nick Chambers |
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SEC Newgate |
+44 (0)7540 106 366 |
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Financial Communications |
velocity@secnewgate.co.uk |
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Robin Tozer |
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George Esmond |
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Harry Handyside |
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About Velocity Composites plc
Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace and other high-performance manufacturers, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.
By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.