Brick Kiln Composites Ltd, a precision engineering firm that supplies all but one of the current UK-headquartered Formula 1teams, has secured a £4m term loan from Growth Lending to complete a management buy-out and accelerate its next stage of expansion.

The facility, which includes £3m advanced on day one, strengthens the company’s ability to scale production, broaden its client portfolio and invest further in advanced composites innovation.

The Banbury-based business employs around 70 people and manufactures high-tolerance composite components, including engine coo ling pipes and brake system parts, used in some of the world’s most demanding engineering environments.