History of the business;
National Flexible was born in 1993 when Charles Baynes group, a quoted PLC, acquired the Fist Fast Packaging business in Morley. National Packaging was also part of the same Charles Baynes Group.
Prior to Fist Fast there were several owners of the packaging company so the business has been operating over 50 years first as a general packaging merchant then latterly as a specialist flexible packaging supplier.
In 1998 Barry Twigg the current chairman undertook an MBO buying the National Flexible business from Charles Baynes, no venture capital was involved and there were no external investors.
National Flexible is now owned by its management and staff. It has no debt and still no external investors.
The company was re-focused on the conversion and sale of flexible films, supported by a strong technical bias and supplier partnerships in all types of flexible film printing, laminating and coating. Eventually developing into the UK’s largest plain film slitting and printed film distributor.
Purpose Built Factory; Future
In 2006 the growth in the business required a move to new premises and these were built just three miles from the original site. The continued company growth now requires further facility expansion and planning permission has been gained to extend the production and commercial facilities further in the near future.
Shareholdings: Some 80% of the company’s shares are now held by the company’s senior management team.
Pensions: Some 90% of the company’s premises are owned by the people who work in the business. Their investment is via the pooling of their individual SIPP funds. Then the company pays rent of circa £146k per year tax free into their pension pots.
Mutual investment: We will invest capital mutually with our customers to facilitate development of plant and machinery capable of accommodating new films and packaging formats in order to enhance our business together. These contractual arrangements are usually 2-3 years.
We operate a similar scheme where appropriate with key suppliers. Our commitment to their business is a guarantee of the highest quality and service from our partnership.
National Flexible has evolved into a high quality supplier of flexible films by virtue of a unique commitment to our people, our customers and our suppliers. The investment of our people in the company is why our customers “feel” the difference and is their guarantee that they have exercised our due diligence in choosing their flexible film supplier.