Is this £25m deficit down to a strategic blunder caused by an inexperienced CEO? That’s what some were whispering, both internally and at carmaker level. But it was a deliberate and calculated realignment.
Lamb set out to cut overheads and turnover – he needed to put the 53-year-old family-owned group on a secure financial footing.
It was a brave decision, one that saw a couple of sites sold and several senior people leave. Lamb was just 29 and the knives were out.
“I came up against entrenched management that was embracing the culture that I wanted to change,” Lamb says.
“I wanted an evolution of the business, but I underestimated the fear of change that some people had.”