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The Entrepreneurial Exchange

Alan McCafferty

Balmore Business

Alan McCafferty obtained an honours degree in Electrical & Electronic Engineering in 1988 and then joined British Petroleum in their North Sea and Petrochemical operations. He achieved chartered status in 1993 and went on to form his own engineering consultancy company. In 1997 he identified an opportunity and formed an Indian food development and sales company, India UK Ltd. Within 18 months, this company was supplying Indian snacks to all Asda stores, UK wide. He accepted an attractive offer for his company in January 2001.

After India UK came ADDER International Ltd, a digital CCTV systems builder with a strong emphasis on the export market. When it became apparent that this business was not going to fulfil its potential he decided to look at other opportunities.

While building his property and lease management business, Balmore Estates, and providing 'troubleshooting' assistance to a number of companies he secured the acquisition of McCowan's Ltd, the confectionery manufacturer (May 2003). After two very challenging years at the helm of McCowan's and achieving many successes it was evident that the business required additional funding. With the inherited debt burden plus additional unforeseen debts, such as a £1M pension deficit, it became apparent that new funding would not be possible. He appointed the receiver in March 2005 and helped secure a new buyer one month later. He left the business in May 2005.

He is now working on a number of projects from established businesses to start-ups. He undertakes Non Executive Director/Chairman/mentor roles with businesses and finds this aspect of his interests, although a small part of it, highly rewarding.

He recently undertook a turnaround/restructuring project with two related companies where he installed a new management team including re-branding, re-financing and operational re-alignment of activities.

Alan has been described as a serial entrepreneur. He is a strong people person and is keen on the 'it's got to be fun' principle. He is ambitious, competitive and has great enthusiasm for business. He enjoys the management and team building aspects of business and finds the psychology of business fascinating.

 

Registered in Scotland. Company registration number SC160976.
Registered office: Barncluith Business Centre, Townhead Street, Hamilton, ML3 7DP. Developed by Mercurytide