Meanwhile, Spaceworks has unveiled a new investment programme to ensure it continues to grow over the coming years.
A new holding company has been formed in order to introduce new expertise and equity.

The shareholders of the holding company are Paul Turney, Iain Booth, Simon Durrell, Greg Lawless, Dermot Divilly and Joe Barratt. Lawless and Divilly have also been welcomed on to the board as non-executive directors.

“I am delighted we have taken these steps which will enhance Spaceworks and contribute towards our continued development,” said Turney. “Its business as usual.”