Flint Bishop

City firm bounces back from fire

Pictured above: Dean Oldham, business manager at Brett & Randall and John Bowers, managing director of Bowers and Freeman

 

A year on from a massive factory fire at Bowers & Freeman, the Leicester Company is back to full capacity. 

It took seven fire engines four hours to put out the blaze in Saffron Road, but by then half of the factory had burned down. 

The fire started when highly volatile celluloid self-combusted on an unusually hot summer's day. It happened even though the company was storing the material correctly in a fireproof room as requested by their insurance company.  

The firm was left with a huge bill and less than half of it's normal working space at the ruined premises. It was a catastrophe that would put many companies out of business. 

Dean Oldham, a Business Manager at the firm's insurance brokers, Brett & Randall, was on the scene within two hours of the fire being discovered. "The road was closed off and flames were licking up the side of the building," he said. "So it was obvious Bowers & Freeman were going to have a very large and complex insurance claim ahead of them."

The most pressing problem was to find a way to get the company back into production so that it could fulfil the orders on its books.

Within a week, with help from their insurance broker, they were working again in temporary accommodation located just a short distance away.

There followed the complicated business of sorting out the insurance claim.

Brett & Randall's Claim Manager, John Tyler, and who is an ex-loss adjustor, worked with Bowers & Freeman director Yvonne Copson to get the insurance claim processed. 

He arranged for interim payments from the insurance company to keep cash flowing. 

Brett & Randall carried out site visits with loss adjustors from the insurance company and handled negotiations with them.

Damage to the factory was severe, and it cost £750,000 to replace machinery and equipment.  Although planning officers were slow to grant planning permission to rebuild the factory, Bowers & Freeman is back to full capacity with 22 employees at the rebuilt and repaired Saffron Road premises a year after the fire.

Yvonne Copson said: "We are so glad we decided to have an insurance broker rather than just dealing with an insurance company directly, as Brett & Randall have proved to be life savers throughout this process. 

"Their experience and advice over the years has resulted in us obtaining better cover and meant that everything damaged in the fire could be replaced." 

Brett & Randall's Dean Oldham said: "There are always challenges with major claims. A disaster like this could have been the death knell for many companies, but we have seen them through."

R E Bowers & Freeman Ltd was established in 1948 by Ronald Bowers, and was originally located in Highcross Street in the city centre. The family-run firm moved to Saffron Road in 1966 where it diversified and expanded considerably under the guidance of Ronald's sons John and Robert. Yvonne Copson, who has worked there for 23 years, is the granddaughter of founder Ronald Bowers.

The company is known worldwide for it's variety of products, including tooling for the packaging of food, pharmaceuticals and cosmetics; security printing; and heading punches and stamps.

 

Bookmark and Share

Article published by Midlands Business News on 15 October, 2010

Submit your company news and photographs to Midlands Business News via email news@midlandsbusinessnews.co.uk or submit news and events online here.

midlandsbusinessnews.co.uk is an online Midlands business news network and we welcome submissions of your company or business related news articles and event notifications.

 

 

Articles submitted by Brett and Randall:



  • Green technologies pose new risks for trades people - click to read
  • Growing Leicester insurance broker opens £2.5 million HQ - click to read
  • Leicester Insurance broker offers advice to businesses following riots - click to read
  • Mock trial raises spectre of risks of corporate manslaughter - click to read
  • Leicester insurance broker receives chartered status - click to read
  • Broker stages mock trial - click to read
  • Leicester broker welcomes first apprenticeship scheme trainees - click to read
  • Leading insurance broker announces new appointment - click to read
  • Firms warned to check air conditioning - click to read
  • Take steps to protect empty property warns broker - click to read
  • Local accident stats suggest young male drivers should pay more for their motor insurance - click to read
  • Insurance Veteran Dies - click to read
  • Business travellers warned protect yourself against disaster - click to read
  • Insurance broker celebrates 25-year relationship with food equipment client - click to read
  • Work begins on new £2.5 million offices for growing insurance broker Brett and Randall - click to read
  • Leading Insurance brokers revitalise its image - click to read
  • Brokerbility buys controlling interest in Northampton firm - click to read
  • City firm bounces back from fire - click to read
  • New senior appointments at leading insurance broker in Leicester - click to read
  • Leicester based insurance broker takes on more new staff - click to read
  • Broker estimates 7,000 Leicestershire policyholders affected by Standard Life sale - click to read
  • Midlands management team step up as firm sets sights on the future - click to read
  • Search the site

    News Article
    Search



    Faces behind
    the business

    Nick Beham

    Nick Behan



    PressVine
    The Maynard Hotel
    Incentive & Motivation
    Klick Solutions Media
    Gourmet life

    Need a Service?

    Search our Midlands
    Business Directory