James Cropper’s stunning turnaround is all the more extraordinary given the many challenges facing businesses across the world in today’s market, ranging from rising energy costs to supply chain issues and labour shortages. The growth of the Lake District-based operation makes it a uniquely British success story, representing a beacon of hope for manufacturing businesses aiming to adapt and thrive in an evolving market.
According to Paul Barber, this is just the first step in an ambitious five-year plan that begins, rather than ends, with the spectacular change in its fortunes. “The turnaround was never the destination,” he said. “I want this business to be one of the leading paper and packaging companies in terms of EBITDA. Everybody’s bought into that plan, and each of our departments is starting to activate it.”
“The journey has been quick, and it will continue to be. We’ve created stability through the business in terms of revenue, operations, and our customer base. We’re a long way from being perfect, but now, if you put a challenge in front of us, we have the foundations in place that enable us to deliver.”