Electronics manufacturer UK Circuits and Electronics Solutions Ltd (UKC) has announced the appointment of bookkeeper Gillian Dingle, as the company sees an increase in revenue for the last six-month period.
Gillian, whose parents emanate from the same field, joins the team bringing with her more than 24 years of experience in bookkeeping and accounts. Previously, she has worked at Outdoor Leisurewear, Sisa UK and Coinfactory Ltd.
The appointment follows the latest financial results released by UKC’s holding company Light Science Technologies Holdings plc (LSTH) for the six months ended 31 May 2022, which includes the contract electronics manufacturing division.
It reported an increase in Group revenue for the period, up by 4.2% to £3.6m (H1 2021: £3.4m). Alongside UKC’s forward order book, combined with Group contracts, and worth up to a total of £18 million*, the Group has seen an increase in its pipeline of quoted business due to a demand for reshoring manufacturing to the UK, as customers look to increase product security and reduce risk.
Simon Deacon, CEO of Light Science Technologies Holdings plc, commented: “We’re delighted to welcome Gillian onboard; with her depth of experience, she is very strongly placed to efficiently manage UKC’s finance function, in the midst of a significant period of growth in the business.”
Commenting on the results and prospects, he continued: “We are confident that the medium and long-term outlook for the Group is promising, as the market continues to grow. With our experienced team, our technologies and energy saving products feeding into the growing pipeline, we are in a strong position to take advantage of the opportunities and achieve our objectives.”
Group financial reports are available to shareholders and other stakeholders on LSTH’s website.
* Contracts are subject to certain milestones and conditions as more fully described in the Company’s flotation announcement on 15 October 2021 and mentioned in the Company’s AIM Admission Document, as updated in the Regulatory News Service announcement on 16 September 2022.
