Richard Byfield, John Denton, Iain Leedham, Paul Rose and Kevin Wheelock have taken the reins at Tadweld, heralding a new era for the firm that was founded in 1978 to create steel and engineering solutions for the town’s local breweries, businesses and farming community.
The specialist engineering firm now works with some of the world’s largest businesses and brands – including Coca Cola, Britvic, Guinness, Nestle, Diageo and Tetra Pak – providing innovative steel solutions from a team of highly skilled engineers, installing time-critical platforms and walkways which are often the base for significant production line investment.
The new owners bring lots of manufacturing, operational and financial experience and are already driving positive results with 2019/20 – their first full financial year at the helm – seeing a revenue increase of 23% and a 97% increase in profit.
As well as driving positive financial results, the new team has led on a rebrand of Tadweld including a new logo and a new website launched earlier this month.
With a large proportion of Tadweld’s customers in the food and drink sector, the company plays a vital role in these supply chains and has continued to operate throughout the COVID-19 crisis wherever safe and possible.
The sudden spike in demand experienced by these sectors when the UK government announced lockdown in March meant Tadweld worked closely with its key customers to install new lines and increase production capacity, keeping supply moving in the industry.
Chris Joy, operational director who has been an integral part of the Tadweld team for more than 25 years, sits on the board of directors along with the company’s new owners.
Tadweld’s new chairman and director Paul Rose said: “This fantastic business opportunity was brought to the team of investors by Richard Byfield who had known the previous owner and the business for many years. In a very short time, we have seen some amazing results, improving efficiency, growing revenues and increasing profits during a hugely challenging period for many UK manufacturers.
“The new board is excited to build on these encouraging results whilst retaining a firm commitment to working with our highly-trained specialist engineers to provide the innovative, practical solutions that have been the cornerstone of Tadweld’s success for decades.”
Tadweld www.tadweld.co.uk
