Surface is in ramp up phase, significantly expanding factory capacity and starting to fill large OEM orders. We visited the Merseyside factory in August and the transformation over the past 18 months is striking. However, as previously reported, trading in H1 was disrupted by teething problems with production. Manufacturing is back on-track, but we now fully adjust for the impact of this disruption. Our revenue for 2023e is cut to £13m from £16m and adjusted LBT will be £4.5m vs. £2.7m previousl ....
