As the second of three IoD Suffolk events focusing on how NEDs can positively impact a business and how to become a NED, IoD Suffolk members and guests recently visited a business based in Bildeston, to hear first-hand about the journey that the owner took, from his first beginnings to the present day and how his appointment of a NED moved his company to a whole new level.
James Taylor and his business, TMJ Interiors was bumping up against a growth ceiling. The business was profitably turning over a healthy £15 million per year, but James knew there was more potential. If TMJ was to compete for larger contracts and secure bank support for the cashflow to bid and service those contracts, they needed to professionalise on many fronts and individual heroic efforts would cut it no longer.
However, unlike many entrepreneurs that believe they can do it all, James knew that to take the business to the next stage, he needed to bring in help and expertise from outside. So, he took the bold step of establishing a properly structured board - no longer was it just him round the kitchen table debating with himself - and brought in a non-executive director, Andy Catchpole. Since then, TMJ hasn’t looked back. They have doubled revenue and are now one of the go-to highest quality joinery firms in the Country, carrying out work in London and elsewhere on contracts for which the joinery aspects can be worth £5 million alone.
Naturally TMJ’s success and its multiple awards and accolades are down to the team as a whole, but James attributes much of the success to Andy’s challenges and insights as a NED.
IoD Suffolk members and guests were privileged to hear James and Andy speak from the heart about their experiences. Their talk was then translated into practice with a tour of TMJ’s facilities where high-tech machinery meets superb craftsmanship (and craftswomanship).
Our thanks go to James and Andy, TMJ for hosting and Greene and Greene for sponsoring the NED series of events.
IoD East of England Upcoming Events
We look forward to welcoming you at our engaging and informative events
View all events