Sector Focus
Finance
Crowe advises on manufacturer’s reshoring project
A Black Country business has set about reshoring a major part of its production process, with assistance from tax and advisory firm Crowe. For many years, TWP Manufacturing in Tipton has had turned parts
manufactured in Singapore, but following a significant six figure investment advised by Crowe, it has bought six CNC (computer numerical control) machines to undertake the work in-house. The project has already been such a success the directors are ordering
a seventh CNC machine for the New Year, and so far three new jobs have been created.
‘We are constantly seeking to be more proactive in our relationships with our customers’
Established in 1995, TWP offers pressings, mouldings and assembly
work and is a sub-contractor to a wide range of UK industry, including automotive, construction, electrical and white goods through to high profile leisure and retail brands. Johnathan Dudley, national head of manufacturing at Crowe, said: “TWP
had reached a point where it wanted to take back control of costs and bring the margin back in-house in order to maintain its competitive edge. “The decision to bring back the manufacturing of a large range of
turned parts from Singapore is part of a wide ranging review of all sub- contracted work that TWP puts out to other manufacturers.” Crowe has been a long term adviser to TWP and Mr Dudley added: “At Crowe, we are very hands-on with our advice and have been working
In house (from left): Phil Stanley and Richard Perry with Johnathan Dudley
alongside Phil Stanley and Richard Perry for many years, as we have with many of our manufacturing clients in the wider West Midlands and nationally.” TWP director Phil Stanley said the firm had recognised the need to take
more control of processes and the best solution was to bring more of this in- house. He said: “We are constantly seeking to be more proactive in our relationships with our customers and to that end we need to look at what we can do better, quicker and more competitively in a fast-changing market.” Finance director Richard Perry said: “Control of costs and protection
and improvement in our margins is at the heart of the current review and is an ongoing process that will drive our competitiveness in all the markets we serve. Johnathan Dudley and the team at Crowe provide invaluable back up,
always on hand to support and advise on our development plans.” TWP manufactures a wide of products, including those from Bullbarrow Products, Spyrabase, Paterson Photographic and Benbo.
V.P.E.F Limited
We are a team of UK-based global payroll and account professionals offering businesses and individuals global payroll services such as implementing national and International payroll systems, procedures, governance, management, training and events. We are qualified accountants and payroll managers who have worked in various industries for more than 20 years. Our training is all certified by the United Kingdom CPD.
We offer three pillars of payroll services:
• Payroll management that includes training and transformation
• Payroll consulting and systems implementation • Payroll accounting and bookkeeping
For more information please visit:
www.vpef.co.uk 72 CHAMBERLINK December 2019/January 2020
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