Chairman Adam Parr believes the company is well placed to grow.
“The Group has enjoyed a strong performance over the last 12 months, in
spite of continuing difficulties in the global economy,” Parr said.
“Our 2011 Annual Report shows strong results and our current cash position
is excellent. At 29th February 2012, the Group held net cash of £29.2
million. We can therefore look ahead with confidence.
“We have made a number of new technical appointments that will strengthen
our performance in Formula
One and we are delighted with our new partnerships with Renault in
Formula One and Jaguar on the C-X75 hybrid supercar project.
“Our new business developments across Williams Hybrid Power, Williams Advanced
Engineering and the Williams Technology Centre Qatar are delivering
promising results.”