A supplier to the likes of Aston Martin and McLaren expects to report a profit this year after a decade-long wait.
Liverpool-based Surface Transforms, which manufactures carbon ceramic brake discs for the automotive and aircraft industries, said a deal with an original equipment manufacturer (OEM) means it will post a profit for the 12 months to December 31, 2022.
However, the listed company did confirm that its sales are set to be £1.5m lower than previously anticipated because of a delay in production.