Brick Kiln Composites Ltd, the Banbury-based precision engineering firm supplying all but one of the UK-headquartered Formula 1 teams, has secured a £4 million term loan from Growth Lending to complete a management buy-out and support its next phase of expansion.
The funding package includes £3 million advanced on day one and will strengthen the company’s ability to scale production, broaden its client portfolio and invest further in advanced composites innovation.
The transaction marks a significant milestone for the business, providing a clearer ownership structure and supporting long-term growth ambitions.
Brick Kiln employs around 70 people and manufactures high-tolerance composite components, including engine cooling pipes and brake system parts, used in some of the world’s most demanding engineering environments.
Its reputation for precision, speed and reliability has established the company as a trusted supplier to top-tier motorsport and automotive clients.
Jody Shinton, Commercial Director, and Joe Carter, Operations Director at Brick Kiln Composites, said:
“Completing the management buyout marks an important milestone for Brick Kiln. We’ve been leading the business day-to-day for several years, so this step brings both continuity and renewed ambition for the future.
“With Growth Lending’s support, we can continue investing in our people, expand our capability, and strengthen the service we provide to our clients across motorsport and beyond. We’re incredibly proud of the team and excited for the next chapter.”
Steve Wynne, Chairman at Brick Kiln Composites, added:
“Brick Kiln is a high-quality, high-performance business built on deep technical expertise and strong client relationships. Jody and Joe have been central to its success in recent years, and Growth Lending’s backing provides the right platform for the next stage of development. I’m delighted to support the team as Chairman and to help accelerate the opportunities ahead.”
The investment will also support the creation of new highly skilled roles as the business expands its production capability and builds on a series of R&D programmes that have strengthened Brick Kiln’s position within the UK’s high-value manufacturing sector.
Chris Mears, Regional Head at Growth Lending, said:
“Brick Kiln has established a position at the cutting edge of innovation in advanced composites manufacturing. This MBO supports the ambitions of a highly capable and proven senior management team and will enable them to build on an impressive growth story. This is an exceptional team and I am really excited to support them on the next stage of their journey.”
The transaction was advised by Azets, with financial due diligence led by Katherine Broadhurst and the Cardiff team. Browne Jacobson acted for Growth Lending, while Knights advised the management buy-out team.
