The Client
TWB Finishing is a leading metal finishing and electroplating company based in Cheltenham, Gloucestershire. Founded in 1945 and still owned by the Bayston family.
Service
Energy Services
Sector
Manufacturing
The Saving
170,000
Year
2024
Introduction
TWB Finishing operates a 32,000 sq foot factory and produces a wide range of solutions to industry for anti-corrosion and high-performance protection materials.
The Brief
We were contacted by the client on the recommendation of another client who operates within the same industry. As an energy intensive industry, TWB Finishings were coming out of a long-term low-cost contract and suffered from the dramatic rises in energy costs following the re-emergence of industry post-COVID. Their annual costs rose in excess of £200,000.
We immediately set about applying for the Government’s Business Energy Relief Scheme to attract credits against the client’s account and then applied to extricate the client from onerous contracts to move them into more sensible rates.
The Outcome
By utilising another company that the client operates, we moved the contracts out from one business into another to remove the high-cost obligations. We then searched our wide range of suppliers and carried out a competitive tendering process to determine the best value, fixed-term offer for each of the client’s meters.
The Conclusion
We moved each meter across to the most suitable supplier and systematically managed the close down and settlement of old accounts and the establishment of each new account, including online billing, meter reading and account management.
The main factory electricity costs came down in excess of £140,000 per annum. Alongside this we move three separate gas meters into a common supplier to lower aggregated costs and simplify costs for daily standing charges.
We’ll then look to migrate the client’s contracts across to the original company when we think the commercial environment is suitable.
Savings / Year
We’ve achieved combined savings per annum of approaching £170,000 for the client across five electricity and gas supplies, which helped salvage the client’s profitability during what has been an extremely challenging time.
”“We were so fortunate to be introduced by a business friend to Salim from Advantage Buying during a very challenging time for the business. Once Salim was aware of the facts relating to our contracts, he set out a plan to move us to fairer rates, and carried it out, keeping us updated, all the time and carrying out the whole process for us. We would recommend Salim to assist any company who requires to manage fixed price utility contracts as there are some Utility Supply companies that cannot be trusted to give you their best rates or contract conditions”
John BaystonDirector - TWB Finishing Limited
1
Review
After initial enquiry, we will arrange one of our service managers to access and examine your current contracts and costs.
2
Identify Savings
We will return to you with all our findings and cost savings suggestions and guidelines for you to digest in a quote format.
3
Join Advantage
If you are happy with our findings, we will then take control of all the administration ensuring a smooth transition and switch over.
4
Ongoing Support
Our team will monitor your services during the agreed fixed term. Keeping all cost savings at the centre of what they do.
Get Started
Find out what you could save
Remember, there is no charge for our services and 100% of all savings achieved are passed directly to you, so what have you got to lose?
