Buckland Rail __________________________________________________________________________________________________
of the year, the company is set to prioritize further optimization, future-proofing it for the ever-changing market.
“ The challenges faced by the business in previous years, particularly as WH Davis struggled with a lack of orders due to a stagnant market, are very much in the past, and our financial performance this year is testament to that,” he shares.“ We now need to optimize our processes to maximize the efficiency of our delivery and ensure we deserve the reputation of a business that delivers quality products on time and on budget.
“ We’ ll also complete Yellow Rail’ s transition to the new site without disturbing production. This project is going extremely well, entirely due to the team managing the process and the flexibility of our staff in making it happen. Once moved, our focus will shift to generating the sales required to fill the new facility and drive the growth our shareholders have targeted the business with.
“ DWS continues to operate extremely effectively and is very successful at navigating the perturbations thrown at it from the market. For example, the recent administration of the Prax Lindsey Oil Refinery in the Northeast has meant that business we were in the process of adopting has now moved elsewhere, but DWS has shown flexibility to support our customers as the wagons move to a new flow.”
Noel sees a bright future of opportunity ahead for Buckland Rail as it looks to diversify into new markets:“ My goal for the future is to turn Buckland rail from a £ 35 million business to a £ 100 million turnover business. Initially, we can achieve this by maximizing the opportunities currently available to us and significantly increasing the pipeline of work within all three businesses. Whilst this can only take us so far, it should enable us to double the size of the business over the next five years. Further afield, we’ ll explore possible acquisitions to fuel additional growth.”
Ultimately, synergy will be Buckland Rail’ s biggest strength, Noel concludes, but the company is still open to new M & A opportunities should they arise.“ We’ re currently focused on optimizing the three existing businesses, but if the right acquisition opportunity were to present itself, we would certainly consider it. Overall, I’ d like to see Buckland Rail as the premier player in the rail freight vehicle market in the UK and as an established service provider in the passenger market.”
At a time when the UK Government is pouring huge amounts of funding into improving the country’ s transport networks, all eyes will be on Buckland Rail as it progresses into the future, upholding its stellar reputation as an ambitious and expansive infrastructure provider. ■
www. bucklandgroup. co. uk
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