Manufacturing
Despite the recent downturn in the manufacturing sector, it still plays a vital role in the overall economy of Northern Ireland. Local manufacturing finds itself in an increasingly global market place and faces new challenges from foreign competition and internal market forces.
We understand the issues affecting businesses in this sector such as:
- The impact of cheap imports on markets and prices
- Margins being squeezed due to increased labour and fuel costs and other factors, such as the removal of the exemption from Industrial Rates in Northern Ireland
- The demanding and increasingly powerful customer base
- The need for continued research and development into new markets and products, together with the requirement for continuing investment in technology, systems and people
- Analysing inefficiencies and evaluating controls to increase output and performance
At Goldblatt McGuigan, we have the expertise to assist you in the key issues facing your business, including:
- Advice on Research and Development Tax Credits
- Review of internal controls and systems
- Assisting with internal reporting and interpreting key performance indicators and variances
- Sourcing short term and long term finance
- Restructuring the business
- Advising on minimum wage requirements and other staff and payroll issues