Boddingtons Plastics Limited was placed into Administration on 1 July 2024 and Ian Corfield and David Hudson of FRP Advisory Trading Limited were appointed as Joint Administrators.
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Boddingtons Finance Team – indispensable

  • By lucy
  • 20 December, 2022

‘To measure is to manage,’ as the saying goes.

The Boddingtons Finance Team has been at the heart of such management throughout 2022, and has helped steer one of the UK’s oldest plastics processors through a variety of tempestuous business storms, including polymer allocations and price hikes; energy issues, labour shortfalls, and general inflation and cost increases.

Unsurprisingly, the team’s services have been in high demand: At times of high inflation, meaningful analytics are hard to achieve – as are the passing on of cost pressures to the customer. However, accounting and real cost monitoring is never more important.

The Epicor software system is central to the operation of the department and it interfaces with the company’s new CRM system, Salesforce, and also – where required – with the production monitoring system, In Touch, also used by the business.

All three members of the Boddingtons team are affiliated with the Chartered Institute of Management Accountants (CIMA). Stuart is a qualified ACMA, Sujo is part qualified, and Ryan is just starting out on his apprenticeship with CIMA. Over the years the studying and exams process has seen wholesale changes moving from paper based classroom study to an online world which still adheres to strict monitoring conditions.”

Left to Right – Stuart Margerum, Finance Manager, Ryan Tibbs, Accounts Apprentice, Sujo Chembalipuram, Accounts Assistant.

Boddingtons CEO, Andy Tibbs, says that ‘our finance and accounts team has made immeasurable contributions to the Boddingtons business – throughout the pandemic and most recently through the difficult trading conditions of 2022.’

Tibbs adds that ‘on behalf of all here at Boddingtons, may I wish everyone in our industry a very happy and restful seasonal break. We look forward to seeing you on the other side!’

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