TDSi have announced significant growth in the company’s annual results. The integrated security manufacturer’s 2012/13 financial results show a 15 per cent rise in turnover compared to the previous year. The results also show a 26 per cent increase year-on-year in the first quarter of the 2013 financial year.
John Davies, managing director of TDSi, explained that working across a number of different global markets has been integral to achieving successful growth figures. TDSi has on-going projects in West Africa and are looking to expand into other African territories and find new partners in South East Asia.
He said: “Whilst we proudly manufacture our key products within the UK, TDSi can boast 40 per cent of revenue being generated by exports. A key part of our success recipe has been working with expert partners around the world to continue to grow our presence in markets as diverse as China, West Africa and the Middle East.
“We are also looking to push into newer, less well catered for security markets in South East Asia and Sub-Saharan Africa. Whilst 2012/2013 was an exciting year, I believe that 2013/2014 will be even more so with our pipeline of new integrated security products offering an attractive proposition to both established and new frontier markets for us.”
Davies claimed operating in multiple diverse regions helps to provide “greater stability and stronger prospects for future growth”. By working with local key partners, they are able to supply the latest products and also benefit from local expertise when it comes to areas such as installation and marketing activities.
“Whilst these markets can vary enormously in terms of local legislation, economic conditions and product/services requirements, they all share a need for good-value, modern and simple to install security solutions,” he added.
“We know that with the right local partners TDSi’s products meet these criteria and our growth figures show that this is an ideal route to keeping our business evolving and thriving.”