Fletchers Paper Mill - Greenfield - Jan 2012

As a business, Fletchers was established in the early 19th century as a paper bleaching and manufacturing company.

Towards the late 90’s the two mills of Robert Fletcher & Son Ltd started to struggle. The increased cost of wood pulp and energy combined to make it tough financially. In 1997 the greenfield site had a turnover of nearly £17m and shareholder funds exceeded £9m. By 1999 turnover was down to £8.2m and the shareholders funds had dwindled to little over £4m.

In 2000 in an effort to save the business going to the wall resulted in the closure of the Stoneclough site and 120 job losses resulted from the closure although 50 new jobs would be created at the Greenfield site. Despite this move the company continued to spiral into financial ruin and in July 2001 several suppliers and creditors formally applied to wind up the company and resulted in the closure, overnight, of the Greenfield site.

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