Cost and purchase management consultancy franchise, Auditel, has helped Silver Springs Soft Drinks, the third largest independent soft drinks manufacturer in the UK, to save £266,000.
Silver Springs Soft Drinks was formally called Silver Spring Mineral Water Company, however the company was bought out of administration in 2009, which resulted in the name change and the installation of a new management team.
Auditel was initially engaged by CEO Gary West at the time of the takeover to ensure continuity of the electricity supply for the new company. West said: “Faced with an extremely precarious situation, including the threat of disconnection, a significant increase in security deposit and uncompetitive terms, we were pleased to call upon Auditel’s expertise. Their team worked with us to ensure a successful outcome. In the process they re-wrote the rulebook with a major energy provider, establishing a way forward.”
Due to the success of the electricity project, Auditel was engaged to assess Silver Spring’s spend in 14 additional areas. In addition to the five-member team working on this project, other Auditel consultants also contributed their specialist knowledge.
In the first 10 months, savings on these two areas and others, including electricity, mobiles, landline calls, pallets and stationery have exceeded £266,000 and are increasing substantially month by month.
West added: “In order to make Silver Spring profitable again, one of my key objectives was to ensure that the non-core business assets were streamlined and kept under control. Auditel has not only made us more profitable, but has also become a sounding board and a valuable extension to our management and procurement teams.”
Published: 7 December 2011
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