stewart-buchanan gauges ltd an employee owned company
TRANSCRIPT
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Stewart-Buchanan Gauges Ltd
An Employee Owned Company
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SBG – Time Line
1870 Established as C&A Stewarts in
Falfield St, Glasgow
1947 Incorporated as a PLC, Moving to
Thornliebank, Glasgow
1970 Purchased by Frank Phair, Moved
to Kilsyth (C&A Stewart Ltd)
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1985 Moved to current premises,
acquired Buchanan Brothers
1986 Name changed to Stewart-
Buchanan Gauges Ltd
2011 Transfer to Employee Ownership
SBG – Time Line
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SBG – Our Products
We MAKE TO ORDER and manufacture the
following:
Pressure Gauges 2000/week (Basic to SUBSEA Gauges)
Valves & Manifolds 700/week (Basic to Wellhead Valves)
Industrial Temperature Gauges50/week (Heating & Ventilation to
Process)
All of the above are manufactured in a huge variety of styles and materials.Materials include Brass, Stainless Steel, Titanium, Inconel and many others.We require a large and diverse skill base to support the great variety of products we sell.
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SBG – Our Markets
We now export 50% of our products outside of the UK to more than 50 countries. Scotland represents 20% of our turnover. We supply a wide range of market sectors, including
In 2013 we traded with 815 customers, we currently have more than 1100.
Food and Drink Hydraulic Heating and Ventilation Test and inspection
Oil and Petrochemical Gas and compressed Air
Power Generation OEM's (Original
Equipment Manufacture)
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SBG – Succession
Family Ownership No Family member wishing to take over Franks Health
Frank's Ambitions Keep Company in Kilsyth Preserve companies strong trading and financial position Safe guard employment Reward many loyal employees
Options Trade sale Management Buyout Employee Ownership
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SBG – Performance and Future
What has not changed?
Focused Customer Service.
This is reflected in our NEW Vision and Mission Statements.
Our Vision: An employee owned company responding to customer demands while setting the standards for Safety, Quality and Reliability.
Our Mission: To recognise and exceed customer expectations. To build a strong ownership culture, to create sustainable employment and the opportunity for each employee to contribute and succeed.
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What HAS changed?
Structure Completely new
Confidence More Stakeholders
Relationships Internally and Externally building engagement
Productivity UP
Financial Performance UP
Investment UP
Financial Rewards UP
SBG – Performance and Future
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SBG – Customer Reaction
• Overwhelmingly Positive
• Security of Supply
• Inclusiveness
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SBG – Performance and Future
The Numbers
Year Employees Turnover Turnover/Employee Net Profit Net Profit/Employee
2011 148 £7.456.000 £50.500 £371.000 £2.5002012 152 £8.720.000 £57.500 £698.000 £4.6002013 159 £10.597.000 £67.000 £813.000 £5.0002014 163 £11.000.000 £67.484 £950.000 £5.800
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SBG – Future Plans
• Build on the growth that the change to employee ownership has started
• Create a culture where the ownership model delivers for all
• Develop new products and markets from the investments we have made