News: Turnover and profits up at CW Fletcher
A precision engineering firm based in Rotherham continues to fly high in the aerospace sector but delays with a large nuclear contract is stifling its diversification strategy.
Turnover and profit both increased in CW Fletcher's latest financial results.
CW Fletcher supplies a diverse range of industries, including aerospace, nuclear and space exploration. Its "Sterling Works" is part of a 9.5-acre combined site located at Wales Bar in Rotherham where high-strength, lightweight assemblies in ordinary and exotic metallic materials are fabricated and high value-added components are machined.
In recent years the historic company secured a £160m, ten-year contract with Rolls-Royce in 2019 and is working with Brompton to manufacture the titanium frames for the folding bike brand.
In 2024, CW Fletcher secured a contract relating to the supply of High Integrity Stainless Steel Containers (HISSC) through the Nuclear Decommissioning Authority (NDA) and Sellafield Ltd.
The lot was worth £69.6m and would see CW Fletcer manufacture containers for radioactive waste. The boxes are built from duplex stainless steel and are highly engineered to allow any hydrogen to be safely vented. Each box weighs over a tonne and is designed to safely store radioactive waste for at least 500 years.
But for the last two years, the Rotherham firm has reported on delays to the contract.
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It the latest accounts for the year ending December 2025, Rebecca Willis, director of CW Fletcher, said: "Due to the change in government and current UK budget strategy, the substanial [sic] nuclear project that we secured in 2024 is still on hold."
The board said that it was not concerned from a turnover growth view point but the delay has impacted the company's long term strategic priority for the diversification of the business into new markets beyond aerospace.
For the year end December 2025, CW Fletcher posted a turnover of £26.7m (up from £21.3m in 2024) and a pre-tax profit of £1.8m (up from £772.1k in the previous year).
The accounts added: "In the near term, however, the need to meet rapidly increasing demand from our existing aerospace customers is requiring us to focus resources on current programmes, limiting the pace at which we can pursue new market opportunities.
"The increasing demand for output in the civil aerospace sector continues to place pressure on internal resources and capacity, making it more challenging to progress our strategic objective of entering new markets. To help address these constraints, a new machine was commissioned and brought into operation in March 2026, providing additional capacity and supporting our ability to meet both current and future requirements."
The company has also worked with its bank and customers to enable the advance reservation of critical materials and ensure a continuity of supply.
CW Flecther website
Images: CW Fletcher
Turnover and profit both increased in CW Fletcher's latest financial results.
CW Fletcher supplies a diverse range of industries, including aerospace, nuclear and space exploration. Its "Sterling Works" is part of a 9.5-acre combined site located at Wales Bar in Rotherham where high-strength, lightweight assemblies in ordinary and exotic metallic materials are fabricated and high value-added components are machined.
In recent years the historic company secured a £160m, ten-year contract with Rolls-Royce in 2019 and is working with Brompton to manufacture the titanium frames for the folding bike brand.
In 2024, CW Fletcher secured a contract relating to the supply of High Integrity Stainless Steel Containers (HISSC) through the Nuclear Decommissioning Authority (NDA) and Sellafield Ltd.
The lot was worth £69.6m and would see CW Fletcer manufacture containers for radioactive waste. The boxes are built from duplex stainless steel and are highly engineered to allow any hydrogen to be safely vented. Each box weighs over a tonne and is designed to safely store radioactive waste for at least 500 years.
But for the last two years, the Rotherham firm has reported on delays to the contract.
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It the latest accounts for the year ending December 2025, Rebecca Willis, director of CW Fletcher, said: "Due to the change in government and current UK budget strategy, the substanial [sic] nuclear project that we secured in 2024 is still on hold."
The board said that it was not concerned from a turnover growth view point but the delay has impacted the company's long term strategic priority for the diversification of the business into new markets beyond aerospace.
For the year end December 2025, CW Fletcher posted a turnover of £26.7m (up from £21.3m in 2024) and a pre-tax profit of £1.8m (up from £772.1k in the previous year).
The accounts added: "In the near term, however, the need to meet rapidly increasing demand from our existing aerospace customers is requiring us to focus resources on current programmes, limiting the pace at which we can pursue new market opportunities.
"The increasing demand for output in the civil aerospace sector continues to place pressure on internal resources and capacity, making it more challenging to progress our strategic objective of entering new markets. To help address these constraints, a new machine was commissioned and brought into operation in March 2026, providing additional capacity and supporting our ability to meet both current and future requirements."
The company has also worked with its bank and customers to enable the advance reservation of critical materials and ensure a continuity of supply.
CW Flecther website
Images: CW Fletcher
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