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Report - Fletchers Papermill Oldham Jan2012

Discussion in 'Diehardlove' started by diehardlove, Jan 21, 2012.

  1. diehardlove

    diehardlove 1 of them cnuts off 28dsl
    Regular User

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    Went here with havoc lawrance and the engineer d-uk big thanks to havoc and lawrance for the top laughs and good day,
    Throughout the succeeding years, the firm continued to expand and to increase its volume of business. A relation for high quality, reliability and fine craftmanship was steadily built up.

    A second mill, at Greenfield, near Oldham, was opened in 1921. This mill specialises in the manufacture of cigarette paper. There are also sales offices in London & Manchester and agencies in many foreign countries. The Company owns several hundred of acres of land around Greenfield Mill, which supports a mixed farm.

    The company’s products cover a wide range of fine tissues; in this field, Robert Fletcher & Son Limited has a world-wide reputation for quality, reliability and good service to the customer which is founded upon more than a hundred years of experience.

    Financial Strain & Eventual Closure

    Towards the late 90’s the two mills of Robert Fletcher &Son Ltd started to stuggle. The increased cost of wood pulp and energy combined to make it tough financially. In 1997 the greenfield site had a turnover of nearly £17m and shareholder funds exceeded £9m. By 1999 turnover was down to £8.2m and the sharholders funds had dwindled to little over £4m. In 2000 in an effort to save the business going to the wall resulted in the closure of the Stoneclough site and 120 job losses resulted from the closure although 50 new jobs would be created at the

    Greenfield site. Despite this move the company continued to spiral into financial ruin and in July 2001 several suppliers and creditors formally applied to wind up the company and resulted in the closure, overnight, of the Greenfield site

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