Permali installs Flight Deck Safety Nets on RRS Sir David Attenborough
Yesterday (Wednesday 21 October) the UK’s most advanced polar research ship – RRS Sir David Attenborough – left Cammell Laird shipyard for two weeks of technical sea trials. In November, the shipyard will formally hand over the ship to the Natural Environment Research Council (NERC).
The research ship, developed over 4 years costing £200m, will play a pivotal role in supporting UK scientists in the Artic and Antarctic. Its missions are critical for understanding and making sense of our changing climate.
The RRS Sir David Attenborough sailed across the Mersey to the Liverpool cruise terminal at high tide for crew familiarisation, where it will spend 14 days undergoing technical trials off the coast of North Wales. The shipyard engineers and BAS mariners will put the ship through its paces, performing operational checks on the propulsion, steering, engineering and navigation systems.
When technical tests are complete, the BAS ship crew will take over and spend 50 days intensive training at Holyhead Port before embarking on operational and scientific equipment trials around the Irish Sea. The team will test anchoring, manoeuvring, dynamic positioning, and helideck landing – the safety of crew ensured by Permali’s Flight Deck Safety Nets. Early next year the ship will undertake ice trials in the Arctic, and in November 2021 make its maiden voyage to Antarctica.
Permali, announces strong FY ’20 results despite Covid-19, investing millions to drive growth.
29 September 2020 – Gloucester, UK – specialist manufacturer to the NHS, F1 and Motorsport teams, Defence, Medical and Aerospace sectors, Permali, announces impressive 2019/20 year-end results despite the pandemic headwinds. This builds on 80 years of experience, knowledge and expertise, leading the business into a new phase of growth.
The company, which manufactures advanced composites for use in challenging conditions, has forged ahead with double-digit revenue [and profit] growth, a raft of new strategic capital investments and recruitment drive at a time when sector rivals are retrenching.
Key financial highlights include:
Revenue growth of 13.5% to over £13m
Operating profit has increased to £1.2m
Development of strong potential sales pipeline of over £75m over 5 years
Cash reserves of £5.4m
Net asset value of over £7.7m up 54% YoY
Growth has been driven by a succession of significant business wins in the defence and medical sectors, reflecting expertise in manufacturing materials for specialists in high-stress environments. The strategic decision to focus on these sectors helped offset a small reduction in demand from the aerospace sector, caused by the pandemic. Highlights include:
Helping the NHS fight the pandemic and save lives by providing Tuftane for protective membranes and hospital bed mattresses.
Providing parts for all Formula 1 teams as the season restarted post-lockdown
Delivering on a significant uplift in demand for land defence vehicle parts, particularly armour panels for the Ajax Tank and Armoured Personnel Carriers, protecting servicemen and women from Small Arms, Rifle and Machine Gun rounds as well as IEDs, Landmines and Shrapnel.
Reflecting this financial success, strong balance sheet and order pipeline, the company has not used the Government CV-19 support schemes [only temporarily deferring a VAT payment]. Moreover, the company has turbocharged its hiring plans and brought renewed focus on staff development and technical upskilling. This year Permali has:
Converted over 20 temporary employees to permanent to build continuity and skills retention taking FTE headcount to c.100.
An enviable average length of service of c.10 years, including 48% over 10 years and an industry-leading low staff turnover of circa 5% p.a.
Recruited 6 new apprentices, to assist in long term skills retention and employee development.
Not furloughed staff at any point during the CV-19 pandemic.
To build capacity to fulfil Permali’s order pipeline and three-year growth strategy, the company has begun a major investment programme of over £2.2m, including:
A new, in house automated paint plant to deliver better efficiency and quality control.
A new five-axis and two additional three-axis computer numerical control machines to support current and future client requirements.
A five- axis Water jet cutter.
A new assembly line with ancillary processing equipment.
Permali’s Managing Director, Karl Wharton, commented on the company’s success:
“We are delighted by our success in such a difficult year for the manufacturing sector, and the wider economy. We are extremely grateful to our loyal and highly experienced employees who have been the driving force behind our achievements, and we are delighted to be able to continue to invest in our team, our facilities and our capabilities to take advantage of new growth opportunities.
We sell advanced material solutions delivered by experts for experts to use in challenging environments. We believe we are only at the start of a period of rapid and sustainable business growth. People trust Permali – we offer Protection – Performance – Precision”
Dear customers, suppliers, friends and colleagues,
We would like to keep you all informed as to our status during the current Covid – 19 situation.
Permali is classed by the MOD and by the Government as vital to continue to operate during the pandemic, given our key supply chain status in both the MOD and NHS.
This means that we are operating business as usual – whilst applying the Government’s requirements to help prevent the spread of the virus and keep people safe. Please download information of how we are Compliant with Government Guidance.
We have implemented our response to manage our activities and regularly review these to ensure they keep pace with the rapid changes of this environment as outlined below:
PROTECTING PEOPLE: First and foremost, the safety and well-being of our employees and their families, our colleagues, customers and partners is at the forefront of our thinking and actions. As a business we are heeding all warnings and adopting the guidelines as issued by our Government bodies and taking the necessary precautions. We have established measures to ensure workplace safety and our working environments are our number one priority.
ENSURING CONTINUITY OF SERVICE: Secondly, we want to advise that our Manufacturing and Supply Chain operations continue as normal. Many of our support services are able to operate remotely. We are developing and executing our business continuity planning actively, to ensure we maintain the best possible service to our customers.
We assure you that we will continue to do everything we can to support your business in any way.
As the situation evolves we will keep you informed. Should you have any questions at all, please do not hesitate to contact us.