Its revenues were £6.5 million last year. It hopes to tap in to the growth in defence spending amid rising global tensions.
‘It was our grandparents’ house where we went on holiday – so there were lots of childhood memories.
The company works with top tier defence firms to manage projects more efficiently.
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The flotation will be a boost for the junior AIM market, which celebrates its 30th anniversary this year, but has been hit by changes to inheritance tax rules in Labour’s Budget.
The founders also have an eye on the goal set by the Ministry of Defence of directing a quarter of procurement spending to small and medium-sized businesses. Reeves hopes to form consortia with other small and mid-size firms to bid for MoD contracts.
High-flyers: RC Fornax founders Paul Reeves, left, and Dan Clark in front of the Tyne Bridge in Newcastle
‘I told her not to sell it, but you can’t stop a mum helping her kids.’
