Brakes specialist targeting 2022 for profit and cash generation

Brakes specialist Surface Transforms published annual results to December 31, 2020, which showed revenues and losses remained fairly static throughout the year – but said it is poised to move into profit by 2022.

The Knowsley firm, which manufacturers brake systems for high performance cars and aircraft, achieved turnover of £1.952m, compared with £1.938m in its unaudited results for the previous year. The pre-tax loss of £2.917m compared with a pre-tax loss of £2.982m in 2019.

Surface Transforms plc (LON:SCE) are experts in the development and production of carbon-ceramic materials and the UK’s only manufacturer of carbon-ceramic brakes for automotive use.

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