UK Gender Pay Gap Reporting

We also believe that diversity is an essential ingredient in a workplace culture that supports innovation and high performance.

In 2017, the Government made it mandatory for all large organisations to report their gender pay gap. The gender pay gap is the difference in the average hourly rate of pay between our male and female employees across the whole organisation.

We support the UK Government’s drive for companies to be more transparent on gender pay issues and confirm that the data reported is accurate and in line with The Equality Act 2010 (Gender Pay Gap Information) Regulations 2017.

Precision castings and superalloy production has traditionally been a male-dominated industry; however, we remain fully committed to improving the gender diversity of our business. We recognise that our pay gap will fluctuate over time as we seek to increase the number of women working at all levels of the organisation.

We are pleased to demonstrate continued progress against these aims in our 2024 report. Our mean gender pay gap has increased to 1.2% from -1.8%, reflecting a slight shift in favour of male employees. We remain committed to promoting equality and addressing these fluctuations as part of our ongoing efforts. Our median gender pay gap is now 13.8%, which remains above the national average. This reflects the ongoing challenges of gender diversity in our industry and highlights the importance of our efforts to attract and retain women across all roles.

Despite this progress, we are not complacent. We recognise the need to do more to attract female workers into the precision castings and superalloy production industry, particularly at senior manager and director level. This remains a key component of our talent acquisition strategy for 2025 and beyond.