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Paul Sinha to host TTJ Awards 2022
TTJ Awards at the InterContinental London Park Lane on September 30.
A trained medical doctor and qualified
GP, Paul began performing stand-up while working as a junior doctor in London. He’s since played in every major comedy club in the UK and across the world. His breakthrough came with his second solo Edinburgh show, Saint or Sinha?, which earned widespread acclaim.
Above: Paul Sinha will host the TTJ Awards
Comedian and quiz show supremo Paul Sinha is this year’s host and guest speaker at the TTJ Awards. Paul, known on ITV quiz show The Chase as “The Sinnerman”, will host the 2022
He has had regular appearances on TV and radio, including BBC Radio 4’s Loose Ends, the Now Show, The News Quiz and Just a Minute. His interest in football and cricket has led to him making numerous contributions on Radio5Live and Talksport, as well as having recorded for the late Shane Warne’s podcasts. Paul has been a regular feature on The Chase since 2011. “Paul’s profile has been rising in recent
James Latham reports exceptional annual financial results
UK leading timber products distributor James Latham plc recorded a 54% growth in sales to £385.4m in the financial year ended March 31, 2022, according to its annual results.
The company also saw a big improvement in profits – posting a threefold growth in pre-tax profits to £58m (2021: £18.6m). The company said its strong performance was despite multiple challenges, including pressure on global supply chains and price inflation. The cost price of the company’s products is on average 36.2% higher (2021: 7.6% higher) than at the start of the financial year.
“The strong results seen in this financial year have continued into the new financial year, with volumes and margins comparable to those achieved in the second half of 2021/22,” said James Latham chairman Nick Latham. “The supply of many of our key products has become a little easier but there are still a few notable challenges, including obtaining alternative supplies to replace products that previously were sourced from Russia. “We are starting to see signs that cost prices are weakening in some of our major product groups, but the continuing supply chain issues and supplier cost pressures on raw material, logistics, power and
other overheads, are tempering these price weaknesses.”
James Latham is continuing to extend its shift systems to improve service levels, with six of its depots now working 24 hours a day. As at March 31, 2022 net assets have increased to £164m (2021: £118m). Inventory levels have increased to £74.2m from £48.2m last year. This is partly to do with increased inventory in the company’s new business, IJK Timber, based in Northern Ireland, but mainly due to increases in prices for products and extended lead times for imported products.
“Despite the positive start to the year there is increasing uncertainty surrounding the macroeconomic outlook and continuing inflationary pressures on our overheads,” added Nick Latham. “At this stage the majority of our customers remain busy. We are confident in our ability to deal with the challenges as they arise, but we do not expect to repeat the exceptional results achieved in this financial year.” “We will continue to look for acquisitions that either help with our strategy of developing sales in specific market sectors or any geographical opportunities that arise.”
□ James Jones & Sons has won a RIAS award for its new visitor building.
years and he has a fantastic reputation for entertaining and hosting industry events,” said Stephen Powney, TTJ editor. “We’re delighted to secure his services for the TTJ Awards and look forward to September 30, when the UK timber industry will gather at the fabulous InterContinental in Mayfair for a great day together.” The TTJ Awards features voted categories where timber buyers vote for suppliers, as well as judged categories where companies enter categories, including Marketing, Environmental Achievement, Manufacturing, Career Development and Merchanting Development. Entries can be made to the judged categories until July 27.
For more information on attending this year’s TTJ Awards visit:
https://awards-ttj.ttjonline.com
Used pallet demand soars as supply chains cut costs
The used wooden pallet industry is reporting a large uplift in enquiries from supply chain users, as the prices of inputs including raw materials and transport have increased. According to members of the National Association of Pallet Distributors (NAPD), demand has risen to “unparalleled levels” – up to 70% higher and from further afield than usual – as businesses seek to reduce costs of manufacturing, packaging, and delivery of goods.
“The used wooden pallet business is experiencing heavy growth in demand from existing and new customers,” said Saleh Hijazi, press officer for NAPD. “This is being driven by a shortage of pallets and pallet timber in western Europe, particularly in the Benelux region, diverting reused pallets and pushing prices up here in the UK.
“This has been further compounded by severe inflation in energy, transport, and other input costs,” said Mr Hijazi. “Reuse is helping to ease these issues – and is a central part of the circular economy, too. “Wooden pallets are one of the most sustainable parts of a supply chain already, and repair and reuse of these has an increasingly important part to play in helping businesses fulfil their environmental obligations.
www.ttjonline.com | July/August 2022 | TTJ
UK News
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