Gloucester composite panel company anticipates strong financial performance

ISD Solutions Andy Moon, Chairman of The P&M Group_c

The board of Gloucester composite panel company ISD Solutions is anticipating a strong financial performance in 2020, partly due to a £1 million investment in IT over the past five years.

High demand from the food sector has seen ISD completing several large construction contracts for distribution centres following the nationwide rise in online shopping.

Despite placing a number of the company’s 120 staff on furlough and making a small number of redundancies, ISD has adapted to the new environment and is now hiring for new positions.

The recent surge in orders has led to recruitment in project management and health and safety, with more vacancies likely to be filled over the coming months.

ISD Solutions is the major trading division of The P&M Group Ltd, founded in 1947, which designs, manufactures and installs cold stores, food processing facilities, chill stores and distribution centres.

The staff changes coincided with a company restructure which has broadened the management team, embracing working from home as part of a blended approach to work and a reduction of office space across its three sites in the centre of Gloucester.

Andy Moon, Chairman of The P&M Group, said: “We’ve been very fortunate that our work in the food production and logistics industry was classed as essential during this crisis and we are pleased to have played our part in keeping the nation fed.

“And while we realise our recent experiences and challenges will be familiar to many businesses, we are pleased to have been able to accelerate our plans to modernise a well-established business, so we could tackle the crisis head on.

“In short, we were well placed to take our opportunities and we’re now looking forward to the future.”

“As with much of society, this crisis has resulted in us speeding up the evolution and implementation of ideas that were either being discussed or already happening,” he added.

The company has spent almost £700,000 on software and support and the remainder on capital expenditure.