Manufacturing
Despite the difficulties experienced by the sector in recent times, manufacturing remains a fundamental part of Northern Ireland’s economy. Cheap imports have impacted pricing, while increased labour and fuel costs have squeezed margins to their limits.
The local industry finds itself in an increasingly global market place, bringing new challenges from foreign competition and internal market forces. Coupled with a demanding and increasingly powerful customer base, it has become more important than ever to eliminate inefficiencies and evaluate controls to increase output and performance, while at the same time continuing to invest in the right areas and remain at the forefront of innovation.
Goldblatt McGuigan can provide valuable advice on key issues for businesses in the manufacturing sector, including:
- Advice on Research and Development Tax Credits
- Review of internal controls and systems
- Assistance with internal reporting and interpreting key performance indicators
- Sourcing short term and long term finance
- Restructuring the business
- Advice on staff and payroll issues