Surface Transforms, the embattled Knowsley-based maker of carbon fibre reinforced ceramic disc brakes for supercars, on Thursday gave notice of intention to appoint administrators.

The firm has also requested that its shares be suspended from trading on AIM.

In a stock exchange statement, the company said: “Surface Transforms (AIM: SCE) manufacturers of carbon fibre reinforced ceramic automotive brake discs, announces the following update, further to its announcement on 3 March 2026 regarding the loss of the contract with General Motors …

“In response to the terminated contract by GM, the company has enacted the following:

“Appointed Alvarez and Marsal (A&M) as corporate restructuring advisers, and the Board are working closely with them to understand the options available to the company to provide the best outcome for all stakeholders;

“Initiated a cost rationalisation exercise as a consequence of the reduced production volumes. This will include commencing a consultation with employees in respect of potential redundancies and layoffs …

“The board has taken the decision to file a notice of intention to appoint A&M as administrators (NOIA) with the High Court.

“Once the NOIA is filed, the company will be protected against any creditor enforcement action for a period of ten working days and will continue to work with A&M on the options available to the company …

“Due to the circumstances outlined above, the company has requested that its shares are suspended from trading on AIM with effect from 12.35 p.m. on 12 March 2026, pending clarification of the company’s financial position.”