95: NP Aerospace

One of Europe’s largest thermoset moulding companies, NP Aerospace supplies composite moulded products to the aerospace, medical, automotive and defence industries.

The company’s CEO Roger Medwell, who has run the business since 1978, accredits its 55 per cent growth over the past four years to “the increased need for improved security”. Latest sales hit £43.6m.

NPA’s products are based on a range of advanced composite materials and proprietary production technologies, including ballistic-resistant helmets and body armour, as well as light-armoured vehicles. “We now have around 20 patents on lightweight armour,” says Medwell. Aside from providing better protection for the armed services, NPA is also one of the major suppliers of low x-ray absorbent structures for the medical industry.

Key to NPA’s success has been its speed and ability in bringing innovative products to the market – products that always become a significant competitor in their sector. Founded in 1926, the company was originally part of Courtaulds.

However, last year saw the company undergo a £71m trade buyout backed by one of its major suppliers, Morgan Crucible, which now owns 49 per cent of the shares. NPA’s management team owns the remaining shares. The deal signals the start of a new expansion phase for the company, which employs more than 200 people in its two offices based in Coventry and Amman in Jordan.

www.np-aerospace.co.uk

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