Poole, 1st October 2013 Integrated security manufacturer TDSi has announced the results of its 2012/2013 financial results which show the company achieved an impressive 15% rise in turnover, compared to the previous year. The results also show that the growth accelerated further in the first quarter of the 2013 financial year with a staggering 26% increase over last year.
John Davies, Managing Director of TDSi commented on the announcement, “We are very pleased to announce our growth figures. I believe this success reflects the hard work and dedication of the TDSi team and our partners, in terms of product development and in delivering the best solutions to the market. Whilst we proudly manufacture our key products within the UK, TDSi can boast 40% 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.”
With its increasing focus on new markets TDSi is already looking to expand sales and find new partners in South East Asia - specifically in Malaysia, Indonesia and Philippines. With ongoing growth in West Africa, particularly in Nigeria, TDSi is also looking to expand in other African territories. TDSi will also be looking to grow its export team to fully embrace these opportunities, with internationally-based Business Development Managers to cover new regions in the future.
John Davies added, “Working across a number of different markets has been an important factor in our growth figures. Our relationship with key local partners means we are able to supply our latest integrated products to customers whilst benefitting from this local expertise in both terms of installation and marketing activities. Operating in a number of diverse regions offers a healthy breadth of markets, providing greater stability and stronger prospects for future growth. 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. 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.”