Business
Funding package to help West Wales Bacon Supplies
HUSBAND AND WIFE, Chris and Kim Isaac have bought into an established meat packaging and distribution company based in Cross Hands. The Isaacs have bought West Wales Bacon Supplies from its former owner, funding the purchase using their own savings and a six figure loan from Finance Wales. Former owner and local businessman, John Davies set up the company 28 years ago and today its loyal team of 10 supplies around 250 local customers throughout South and West Wales.
Now, having taken over at the company, new Managing Director Chris Isaac is excited about moving the business forward: “Kim and I have always wanted to run our own business and taking on a wellestablished business like West Wales Bacon Supplies is the right option for us. It’s known for its high-quality products and the personal service of its loyal staff and we’re keen to build on what John and his team have achieved.
“With my logistics background, I’m confident we can improve our customer services and generate savings by improving our distribution. We’ll then be able to plough these savings into expanding our premium range. Finance Wales’ funding and local support has meant a smooth transition for the company and its employees and allowed us to fulfil a life-long ambition,” Chris explained. Established in 1986, West Wales Bacon Supplies slices, weighs and vacuum-packs bacon and cooked meats, supplying cafes, hotels, pubs and shops across South and West Wales.
The company’s fleet of delivery vans are a familiar sight on local roads and its customers value the service it provides as well as the range and quality of meat products it supplies. Mr and Mrs Isaac were alerted to the opportunity to buy the company soon after Mr Davies put the business up for sale earlier this year following his decision to retire.
After deciding to take the business on the couple approached Finance Wales who help Welsh businesses secure succession funding. Tony Dowrick, an Investment Executive based at Finance Wales’ local office in Dafen structured the succession investment. Tony said: “Finding new owners for West Wales Bacon Supplies was crucial as it’s an established local business employing 10 staff with a loyal customer base in a close-knit community. Chris and Kim wanted to run their own business, but starting up a business wasn’t the right fit for them.
“Finance Wales’ loan has helped an aspiring couple achieve a long-held ambition while also safeguarding 10 jobs and protecting existing local supplier relationships. The Isaacs have the drive to breathe new life into the business and take it to new heights.” Since taking over the company at the end of Septmeber the couple have already achieved a 10% rise in profits for October and November and are now looking forward to a potential recruitment drive planned for early this year.
West Wales Bacon Supplies is one of Finance Wales’ latest succession investments. It has invested over £29 million to enable ambitious management teams to take over at 94 established Welsh companies and these businesses have created and safeguarded over 1,100 jobs in Wales. Chris Griffiths, New Investments Fund Manager at Finance Wales specialises in succession investments and he believes that acquiring an established business is an attractive option: “Finance Wales is eager to back more management buy-ins and buy-outs of established Welsh SMEs.
They’re important to the future prosperity of the Welsh economy but many Welsh managers are often unaware of the funding options open to them to help them own their own business. We can tailor our funding to suit individual managers’ and management teams’ needs. Finance Wales’ investment in West Wales Bacon Supplies came from the £40 million
Business
Ferry Terminal ‘extremely busy’ due to ongoing Holyhead closure
PEMBROKE DOCK Ferry Terminal has been experiencing significant congestion today as ferry services remain under immense pressure following the closure of Holyhead Port earlier this month.
The disruption, caused by storm damage, has rerouted ferry traffic through Pembrokeshire, leading to long queues and crowded facilities at the terminal.
The Herald can confirm that it has been very busy today with cars, lorries, and foot passengers queuing in large numbers. Staff are working tirelessly to manage the influx, directing vehicles and assisting passengers as they prepare to board the heavily booked ferries.
A spokesperson for the Port of Milford Haven said: “We are working closely with ferry operators and local authorities to ensure traffic flows as smoothly as possible, but the sheer volume of vehicles is causing unavoidable delays.”
Travelers are being urged to arrive early for their sailings and to remain patient as the terminal operates at full capacity.
Both Stena Line and Irish Ferries have increased capacity on their Pembrokeshire routes, deploying larger vessels, including the Stena Adventurer and the MV James Joyce, to handle the surge in demand.
From our position at the terminal, our photographer has captured photos showing long lines of vehicles, groups of foot passengers carrying luggage, and port staff coordinating efforts to ease congestion.
Authorities are advising non-essential travelers to consider rescheduling their journeys where possible and to monitor updates from ferry operators closely.
(Photos: Martin Cavaney/Herald)
Business
52 homes to be built in Roch as scheme gets final sign-off
THE FINAL stage of approval for a near-£10m Pembrokeshire residential development of 52 homes has been given the go-ahead.
Back in April, members of Pembrokeshire County Council’s planning committee backed an application by Wakefield Pembrokeshire Ltd for the development, which includes four one-bed affordable housing units, on land near Pilgrims Way, Roch.
18 objections to the scheme were received, raising concerns including an “inadequate” affordable housing level, it being a high density development for a rural area, a loss of green space, the size of some of the homes, and pressures on existing services and facilities, and fears it may lead to an increase in second homes.
Nolton & Roch Community Land Trust (N&RCLT) has raised its concerns about a lack of affordable homes at the development, calling for a 20 per cent affordable homes element, as recommended by policy.
An officer report for members, recommending conditional approval, said: “It is apparent that the proposed development is not fully policy compliant, insofar as it cannot deliver the indicative 20 per cent affordable housing sought [by policy].
“However, a substantial positive social impact will arise through the provision of housing, including four one-bed affordable housing units, in meeting identified needs for both market and affordable housing.
“Financial obligations identified to mitigate adverse impacts arising from the proposed development cannot be met in full. However, [policy] acknowledges that in such circumstances contributions may be prioritised on the basis of the individual circumstances of each case.”
Speaking at the meeting, agent Gethin Beynon said the project had a “significant economic value” of around £10m, and the local applicant had “a sense of stewardship to the local community,” offering affordable housing and community infrastructure towards highways and education.
Approval was delegated to the council’s head of planning to approve the application, subject to the completion of a Section 106 planning obligation, making community financial contributions.
The Section 106 agreement was recently agreed, with the application now formally approved.
Business
World of engineering and welding SPARCs interest in Ysgol Harri Tudur’s female learners
AN EVENT hosted by Ledwood Engineering gave girls from Year 8 and 9 at Ysgol Harri Tudur first-hand experience of the world of engineering recently.
Engineering is a booming sector in Pembrokeshire with a high demand for skilled workers in exciting career pathways associated with the development of low carbon and renewable energy industry and the Celtic Freeport.
The young women heard from industry experts on the importance of engineering in Pembrokeshire, and had hands on experience using a welding simulator, at the company’s Pembroke Dock site.
The learners are part of the County’s SPARC (Sustainable Power and Renewable Construction) initiative aimed as inspiring and empowering young females to consider careers in science, technology, engineering and mathematics (STEM) pathways where females are under-represented in the workforce.
SPARC is funded through an alliance comprising Blue Gem Wind, Ledwood Engineering, Port of Milford Haven, RWE Renewables, Pembrokeshire County Council, Pembrokeshire College and the Swansea Bay City Deal.
Mrs Laura Buckingham, SPARC practitioner at Ysgol Harri Tudur said: “Our learners had a fantastic experience at Ledwood Engineering. They were given lots of advice by industry experts on the different career options and pathways within the engineering sector.
“They appreciated the opportunity to ask their questions and found the session very informative. Having the chance to trial their welding skills on the simulator was an experience they continue to talk about and has definitely piqued their interest.”
Poppy Sawyer, Year 8 SPARC learner added: ‘It was a really good trip. Talking to the different people there has helped me know more about the jobs we could get which will be very useful when making choices for my future.”
“They helped us a lot by giving us lots of information. We were able to look around and try welding. It was really fun,” added Tianna Marshall, Year 8 SPARC learner.
The Regional Learning and Skills Partnership also launched its Explore Engineering interactive website at the event.
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