Ian Wilcock joins motion capture firm Oxford Metrics’ board, following a significant tenure at Oxford Instruments.
- Wilcock takes the place of David Quantrell, who will retire from Oxford Metrics’ board later this month.
- Oxford Metrics is renowned for its role in ABBA’s holographic tour success, using cutting-edge Vicon cameras.
- The company reports a substantial 50% revenue increase and doubled pre-tax profits in its latest financial results.
- Oxford Metrics’ shares currently trade lower than earlier this year, reflecting market volatility.
Ian Wilcock, a former executive of Oxford Instruments, has been appointed to the board of Oxford Metrics, a company famous for its technological contributions to ABBA’s holographic tour. With over eight years at Oxford Instruments, Wilcock brings valuable experience, particularly as a former managing director of resonance and a member of the executive management board. His appointment is effective immediately, and he fills the vacancy left by David Quantrell, who steps down on 24 October after more than six years of service on the board.
The appointment is strategic as Oxford Metrics continues to build on its reputation for developing advanced camera systems, notably utilized in the 1997 filming of Titanic. The firm positions itself for further growth, aiming to leverage its market-leading technologies and expand both organically and through acquisitions. Wilcock, who also serves as an executive director of Judges Scientific Plc, expressed eagerness to contribute to Oxford Metrics’ ongoing development.
Roger Parry, Chair of Oxford Metrics, highlighted Wilcock’s extensive experience in mergers and acquisitions, as well as his ability to grow technology businesses globally, as key assets for the company. Parry believes these skills will be instrumental in executing the company’s ambitious five-year growth strategy.
Oxford Metrics has shown resilience and success, as evidenced by a recent financial disclosure showing a 50% increase in revenue and more than doubling of pre-tax profits to £6.25 million for the year ending September 2023. The firm attributes much of this success to its innovative Valkyrie motion capture system, launched in 2022. The sale of its former infrastructure asset management division, Yotta, further streamlined operations and generated significant capital.
Despite these achievements, the company’s current stock is trading at 58.25p per share, a 50% decrease from its peak earlier this year. This adjustment demonstrates the inherent volatility within the market, reflecting broader economic uncertainties.
With Ian Wilcock’s appointment, Oxford Metrics is poised to further strengthen its leadership and continue on its growth trajectory.
