Our business model
We work with our customers to understand their technological challenges, then design, manufacture and sell innovative products and processes to solve them.
Our business model helps us focus our resources and make the most of our strengths to deliver value for all our stakeholders.
Customer relationships
We're able to invest in long-term relationships with our customers. This helps us to understand their needs and design solutions to solve their challenges.
Our customers
- £115.7m spent on developing new products and improving our existing products.
- 66 key locations worldwide providing local customer support and technical expertise.
People
Over 5,000 talented people around the world who are committed to delivering our purpose, vision and strategy.
Our suppliers
- £20.4m committed to global capital expenditure projects.
- 695 global suppliers for direct goods and services to UK manufacturing operations.
Supplier relationships
Our global and local suppliers provide us with the high-quality components and materials we need, as well as supporting our infrastructure and operations.
Our communities
- Ongoing education outreach programme reached around 13,500 students.
- £0.3m in charitable donations during the year.
Research & development
Our strong IP portfolio and significant commitment to R&D expenditure helps set us apart from competitors and delivers long-term value.
Our people
- £306.9m in salaries, bonuses, social security and pension contributions.
- Continued developing functional competency frameworks to support talent reviews and succession planning.
Financial resources
We've funded our growth and infrastructure by reinvesting our profits. We also have a strong cash position, helping us to fund future development and deliver our strategy.
Our planet
- 13% reduction in our market-based statutory greenhouse gas emissions compared to FY2024.
- Self-generating 11% of our global electricity consumption through renewable sources.
Our shareholders
- Total dividends of £55.5m for the year, in line with FY2023.
Figures as at date of 2025 Annual Report.