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.