Annual Report 2011

Phase 3

Phase 3
Forward Objectives
  • Restoration of Group remuneration policy after three year pay freeze
Effective April 2011
  • Selective turnover growth
    • Leverage Global sales force (China and USA)
    • Further develop key market sectors (automotive and electronics for example)
    • Continue to push on profitable niches
    • Branded Products
    • TR Direct (transactional)
  • Gross margin improvement
    • Correct pricing of contracts
    • Efficient sourcing (purchase & sales)
    • Operational efficiencies
  • Continued control of overheads and working capital
    • Stock
    • Debtors
    • Capex
  • EBITDA target of 8% by 2012/13
  • Group marketing
Continuous development of ‘Brand TR’ both in traditional and digital marketing platforms
to support the global network
  • Investment in people
    • Dedicated staff HR IT system being rolled out
    • Staff Development & Training programmes
    • Development of ‘Succession’ planning for key personnel across the network
    • Add value through online resource and professional and technical support 24/7
Retaining key skills through targeted programmes Succession planning module review
underway by the Board