Formula One Supplier In Pole Position for Growth

The composites market is growing rapidly. Increased demand seen at home and abroad from established and emerging markets gives Paul Skinner and his fellow directors at Advanced Composites and Engineering Technology Ltd (ACE) cause for optimism as the company enters its 10^th year of trading.

ACE grew on the back of supplying parts for Formula One teams (it now supplies to several teams; however NDAs prevent us naming them). Such is the scope for diversification, where previously 50 per cent of the firm’s business was in F1, it is now down to around 20 per cent.

“We’ve been looking at other markets for a while. Now a significant part of our business is satellite communication systems and radar scanning platforms. Motorsport is still an important part of our business and we supply parts for F1, Le Mans Endurance Series and Touring Car Championships etc, but we’re also exploring opportunities in renewable energy”, says Paul.

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