BOSSES at a Wearside firm are keeping their fingers crossed for a rotten new year.
Velocity specialises in repairing weather-damaged roads and last winter’s snow and ice provided a bumper pay-out.
“We love snow and ice,” said sales manager Phill Lewis.
“It’s a fact more road repairs are needed after a winter of freeze-thaw-freeze and that’s when most of our calls come in from local authorities whose roads are left riddled with new potholes. So last year’s harsh winter was definitely good for business.
“Potholes form when water seeps through cracks in the asphalt surface of a road.
“When temperatures plunge, the water freezes, expands and causes the road surface to rupture. The ice then melts, leaving a space below the surface, which caves in under the stress of vehicles and eventually forms a pothole.
“Our machines can carry out fast, efficient and long-lasting repairs, which mean shorter road closures and improved public perception”
Velocity has just been boosted with a seven-figure investment from a Newcastle company specialising in the manufacture of military equipment.
Pearson Engineering supplies countermine equipment to the U.S. Army.
Pearson will take a 50 per cent stake which will give Velocity a huge boost in its drive to meet increasing demand from overseas.
“Our Sunderland factory was creaking at the seams,” said Velocity managing director Richard Jackson.
“Demand has been growing for our vehicles, to such an extent that it was close to outstripping our capacity to produce them.
“Pearson Engineering’s investment has opened up a vast array of resources, not just in manufacturing but in research and development, together with such areas of expertise as the design and software for programmable logic controllers. Pearson will help us take velocity patching technology to a new level.”
John Reece, chairman of Pearson’s parent company, Reece Ventures Ltd, added: “Velocity is a great company with a high quality product. Together we can broaden the Velocity offer and build on the company’s success both here and overseas. An objective for us is to bring more wealth and employment to the North East.”