STRATEGIC OPTIONS IDENTIFIED BY

COMMITTEE FOR TELFORD FINANCIAL

PERFORMANCE
 REDUCTION OF COSTS

• Reducing costs will mean that profitability margins can be increased and
brought back in line with pre MEXIT figures
• Telford have reduced costs by outsourcing most of the Accounting department,
similar principles could be applied across some of the other supporting
functions in the organisation
• There could be potential to source material domestically as opposed to
importing materials which will have seen an increase in cost as a result of weak
exchange rates. Telford imports 50% of their materials so this would impact
them greatly
 EXPANDING AND DIVERSIFYING THE
PRODUCT PORTFOLIO

• Telford Engineering manufactures steel supports for bridge building in Menai.

Although they currently operate at maximum capacity as a result of MEXIT
this is likely to no longer be the case.
• Telford Engineering could look in to alternative solutions involving the use of
steel such as in the construction industry, transportation industry and even for
domestic use such as radiator or refrigerator production
• Exploring new avenues and expanding the product portfolio will mean that we
gain new customers and at the same time reduce our risk of failure by having
more income streams from different product channels.