Velocity Composites PLC
23 July 2026
23 July 2026
Velocity Composites plc
("Velocity" or the "Company")
Appointment of Chief Financial Officer
Velocity Composites plc (AIM: VEL), the leading supplier of advanced composite material kits to the aerospace market, is pleased to announce the appointment of Matthew Fowler to the Board as Group Chief Financial Officer (CFO) with effect from 1 September 2026.
Matthew will replace Rob Smith, who announced his intention to retire from the role on 23 April 2026. Following his retirement as CFO, Rob will remain as Company Secretary and support a comprehensive handover to Matthew.
Matthew brings significant public markets leadership experience, having held Chief Financial Officer roles at The Revel Collective plc, MusicMagpie plc and genedrive plc. He previously served as Group Financial Controller at Scapa Group plc. Matthew has extensive experience of financial reporting, governance and audit matters within UK public companies and is an ICAEW-qualified Chartered Accountant.
Andy Beaden, Chairman, commented:
"Matthew joins Velocity at an exciting stage in the Company's development, and we are delighted to welcome him to the Board. Over recent years, the business has delivered significant operational and financial progress, creating a strong platform for future growth. With increasing opportunities across both aerospace and defence markets, Matthew's extensive experience in listed companies, financial leadership and corporate governance will be invaluable as we execute our strategy and scale the business internationally.
"I would also like to thank Rob for his outstanding contribution over the past two years. He has played a pivotal role in strengthening the business and supporting Velocity's growth, and we are pleased that he will continue as Company Secretary. The Board looks forward to working closely with both Matthew and Rob as we build on our momentum and deliver long-term value for shareholders."
In accordance with Rule 17 and Schedule Two (g) of the AIM Rules for Companies, Matthew John Fowler (aged 51) is, or has been within the last five years, a director or partner in the following companies and partnerships:
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Current directorships/partnerships |
Directorships/partnerships held within the last five years |
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· 2402 Consulting Ltd · The Peach Pub Properties Limited · Pretty As Peach Limited · Peach Paddy Club Limited · Peach On The Water Limited · Pure Peach Limited · Peach Almanack Limited · Peach County Limited · Peach Melba Limited · Giant Peach Pubs Limited · 100% Peach Limited · The Peach Pub Company Limited · The Peach Pub Company (Holdings) Limited · Revolution Bars (Number Two) Limited · Inventive Service Company Limited · Revolution Bars Limited · Revolucion de Cuba Limited · The Revel Collective plc · Revolution Bars Group Limited · Inventive Guaranteeco Limited |
· Entertainment Magpie Group Limited · Entertainment Magpie Limited · Mozo Media Limited · Entertainment Magpie Holdings Limited · MusicMagpie Limited · genedrive plc · genedrive Diagnostics Ltd · Epistem SIP Trustee Limited · Entertainment Magpie Group Limited |
Matthew does not currently hold any ordinary shares in the Company.
Matthew was appointed as Chief Financial Officer of The Revel Collective plc with effect from 16 June 2025. The Revel Collective plc and certain subsidiaries entered administration on 27 January 2026. The group's secured creditor was owed approximately £28.0 million at the date of administration. The administrators' proposals state that no funds are expected to be available for ordinary unsecured creditors. The statement of affairs for The Revel Collective plc recorded a deficiency as regards creditors of approximately £39.0 million.
There is no further information to be disclosed pursuant to Schedule Two (g) of the AIM Rules for Companies.
Enquiries:
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Velocity Composites plc Jon Bridges, Chief Executive Officer Rob Smith, Group Chief Financial Officer |
+44 (0) 1282 577577 |
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Canaccord Genuity Limited Nominated Adviser and Joint Broker Max Hartley George Grainger |
+44 (0) 20 7523 8000 |
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Singer Capital Markets Joint Broker Russell Cook Dan Ingram |
+44 (0) 20 3903 7715 |
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SEC Newgate Financial Communications Robin Tozer George Esmond Harry Handyside |
+44 (0)7540 106 366 velocity@secnewgate.co.uk |
About Velocity Composites plc
Based in Burnley, UK, Velocity is the leading supplier of composite material kits to aerospace, that reduce costs and improve sustainability. Customers include Airbus, Boeing, and GKN.
By using Velocity's proprietary technology, manufacturers can also free up internal resources to focus on their core business. Velocity has significant potential for expansion, both in the UK and abroad, including into new market areas, such as wind energy, urban air mobility and electric vehicles, where the demand for composites is expected to grow.
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