Me and My Factory
Seabrook’s investment plan to boost efficiency
Seabrook’s investment plan boosted efficiency at the factory, following a management buyout, explained Woodwards.
“We put together an investment plan to improve efficiency, and in July 2015 we secured the funds to bring that plan into life thanks to a management buyout by chief executive Jonathan Bye, supported by private equity firm LDC, which now owns a majority stake in the company,” Woodwards said.
“The £4M was spent on making some very manual processes automated. It has allowed us to reduce labour costs by around 30%, without making any redundancies.”