40 Years of Service Innovation

Thinking locally, operating globally

Chairman's Message

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Over the past three years, our teams have focused on 'working smarter' in relation to suppliers, customers, buy/sell margin and non value-add costs and resources, latterly employing the Pareto (80/20) principle e.g. 80% of our profit coming from only 20% of our customers – so making sure that we don't become 'busy fools'!

Chairmans Message

Malcolm Diamond MBE Take a look

Group Highlights

Revenue

£121.54m

Arrow up8%

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Underlying pre-tax profit*

£7.25m

Arrow up45%

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EBITDA*

£9.23m

Arrow up41%

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"The Board would like to thank our colleagues from around the Group who have contributed to this publication"

Jim Barker

Chief Executive

View Introduction

"The global market for fasteners is vast and remains fragmented; there is an opportunity for smaller more flexible players like ourselves to be strategic consolidators"

Jim Barker

Chief Executive

View Our Business

“Our highly effective sales and marketing teams continue to open up new customer, revenue and product opportunities”

Jim Barker

Chief Executive

View Behind the Scenes

“From small beginnings, TR has grown into an international business, delivering to its customers through a first class service, quality product at competitive prices”

Malcolm Diamond MBE

Executive Chairman

View Through the Years

“We have excellent skilled people and we should incentivise and reward them based on their performance”

Jonathan Shearman

Independent Non-Executive Director

View Our Governance

“The Directors’ focus remains on capital growth through investment in the business and increasing ROCE. The return to a progressive dividend stream has also been a priority for the Board since its formation in 2009”

Mark Belton

Group Finance Director

View Our Financials
Thomas Tan, Managing Director TR Asia

Thomas Tan

Managing Director TR Asia

"TR Asia has improved overall profitability through a combination of new business wins, integration of PSEP and healthier demand from existing customers"

Geoff Budd, TR Europe Managing Director

Geoff Budd

TR Europe Managing Director

"Diversifying beyond the electronics and appliances sectors into the automotive assemblers is providing a stable and forward revenue stream"

Gary Badzioch, Operations Director TR Fastenings Inc.

Gary Badzioch

Operations Director TR Fastenings Inc.

"A high proportion of TR's globally sited multinationals are headquartered in the USA, making TR Inc. strategic to our future plans"

Glenda Roberts, Group Sales Director

Glenda Roberts

Group Sales Director

"This year we have required different approaches and skills to develop further with the major multinational OEMs that we supply, and extend it to the rest of the customer base as required"