Now Amiri company buys struggling F1 parts maker
A company run by Manchester-based industrial entrepreneur Amin Amiri, which specialises in buying struggling manufacturers, has acquired loss-making Derby company epm technology, a maker of parts for Formula 1 cars, in a multi-million pound deal.
The most up-to-date accounts for epm – to June 30, 2016 – show the company made a pre-tax loss of nearly £1.5m and had lost three F1 customers. Turnover was down to just above ££3.9m compared to £6.2m in the prior year.
epm founder Graham Mullholland will stay with the firm, ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
