Your Partner for Growth, Hybridan

Hybridan

Your Partner for Growth

Our passion is raising growth capital for exciting, fast growth companies that want to take their business to the next level. We raise capital for companies both listed and unlisted in the most efficient manner possible and pride ourselves as being one of the few consistently profitable broking firms in the City. This has been achieved through a highly disciplined approach when seeking to create both corporate and institutional relationships.

Equity Bottom-Up

<ul>
<li>The specialist in currency risk management and alternative banking, reports finals to December 2024.</li>
<li>Its revenue is £50.3m up from £49.9m, with growth in the number of clients offset by a reduction in average spend.</li>
<li>The EBITDA margin of 8% is ahead of previous expectations and operating loss of £0.2m compared to an operating profit of £8.1m. </li>
</ul>


The specialist in currency risk management and alternative banking, reports finals to December 2024.
Its revenue is £50.3m up from £49.9m, with growth in the number of clients offset by a reduction in average spend.
The EBITDA margin of 8% is ahead of previous expectations and operating loss of £0.2m compared to an operating profit of £8.1m. 


Surface Transforms PLC - Duplicate of Hybridan Small Cap Feast: 02/04/2025

Research from Hardman & Co, Hardman & Co

Hardman & Co

Research from Hardman & Co

Investment research on quoted companies and funds

Hardman & Co is a multi-disciplinary financial consultancy and investment research firm, employing highly experienced analysts and professionals with a broad range of capital markets expertise. Our clients are public and private businesses as well as fund managers, ranging from start-ups to £1 billion+ market capitalisations. Hardman & Co offers corporate research & consultancy, serving the needs of both public and private companies. We produce gold-standard research with a global reach for trading and investment companies, as well as providing market commentary and analysis. In addition, we carry out a number of bespoke investment-related assignments, including due diligence on bond listings, assessments of private company valuations and other corporate advisory services. We engage with the market through traditional and digital media, offering illuminating video content on corporate management strategy, results communication, interviews and in-house sector discussion.

<ul><li>Interim results released on 30 September showed revenue up 58%.</li><li>The loss before tax widened to £7.6m from £5.6m 1H23.</li><li>Operationally, the volume ramp-up is continuing but at a rate below target, with yields improving (but also below target), and ongoing downstream process problems.</li></ul>

Interim results released on 30 September showed revenue up 58%.The loss before tax widened to £7.6m from £5.6m 1H23.Operationally, the volume ramp-up is continuing but at a rate below target, with yields improving (but also below target), and ongoing downstream process problems.

Surface Transforms (SCE): Estimates suspended

<ul>
<li>SCE is delivering its £390m order book but still faces headwinds.</li>
<li>It is knocking down the obstacles, giving detailed explanation of progress, and, indeed, output has been consistently good since late June.</li>
<li>Clearly, this is not as early as hoped.</li>
</ul>


SCE is delivering its £390m order book but still faces headwinds.
It is knocking down the obstacles, giving detailed explanation of progress, and, indeed, output has been consistently good since late June.
Clearly, this is not as early as hoped.


Surface Transforms (SCE): Pre-close trading, AGM and prospects

<ul>
<li>Surface Transforms (SCE) has announced the raising of £6.5m new equity and is launching an Open Offer to shareholders.</li>
<li>It is raising capacity and quarterly revenue but has needed to address the two sets of production constraints it faced: scrappage and process-line pinch points.</li>
<li>Pinch points have been much reduced through capital expenditure and expert maintenance teams.</li>
</ul>


Surface Transforms (SCE) has announced the raising of £6.5m new equity and is launching an Open Offer to shareholders.
It is raising capacity and quarterly revenue but has needed to address the two sets of production constraints it faced: scrappage and process-line pinch points.
Pinch points have been much reduced through capital expenditure and expert maintenance teams.


United Kingdom

Surface Transforms plc develops carbon fibre reinforced ceramic braking and friction materials used in a variety of specialized markets, including Formula 1 racing, aircraft, aerospace, rail, road cars and transport vehicles.  The Group has alliances with Formula 1 Motor Racing teams, as well as manufacturers of aircraft and rail braking systems.

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