Expanding a family business does not often result in complete diversification. When one highly respected electroplating company started up a new company, Warrener Stewart helped them to decide upon a different ethos and new company model.

The Challenge

To incorporate a new company with a different ethos and business model into a 60 year old family business.

BJS is recognised as one of the foremost providers of metal electroforming and electroplating, they hold a royal warrant for their silver and goldsmith services. In 1996, building on the success of producing silver heat exchange blocks used in PCR (Polymerase Chain Reaction) thermal cyclers to help DNA analysis, the founder’s grandson, Richard Lewis set up BJS Biotechnologies. This new company diversified from BJS’s core business so Richard wanted it to have a different business model and new ethos.

The Solution

"Warrener Stewart has grown with us"

Having working with BJS for the past 20 years Warrener Stewart was well placed to suggest a new business model.  Working alongside Richard, Warrener Stewart helped to introduce an Employee Management Incentive Scheme (EMI).  This was designed to attract and reward the sort of people who would help grow and develop BJS Biotechnologies in a tax advantageous way. 

The Result

"Helping us every step of the way"

With Warrener Stewart’s guidance this non-revenue earning company with just two employees, rapidly grew to a medium sized company employing 35 people.  This July sees the launch of their own DNA analysis machine. 

Client's View

“Warrener Stewart has grown with us; they have been quick to provide more services as the need arose. I like the fact that they have been straight and trustworthy and appreciate our business aims, looking to help us rather than imposing their ideas upon us.”

 

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Customer Profile

  • Technology & manufacturing companies.
  • Professional scientific services.
  • Medical research developers.

Business Advice

  • Business Planning
  • Business Advisory 

“For the past 20 years Warrener Stewart has consistently given good advice... going above and beyond their remit.”
Theo Brehony - London Preparatory School Limited