Search Icon

Need a call back?

Simply fill out the form below and we'll call you.

Arrange a Chat
Validation

Give us a call!

Get in touch, we want to hear from you.

Northern Ireland +44(0) 28 9024 3131

Upload your CV

Be a part of our team at FPM, simply fill out the form below.

Upload CV
File Upload

Maximum file size: 67.11MB

Validation

Upload your CV

Be a part of our team at FPM, simply fill out the form below.

Upload CV Single Post
File Upload

Maximum file size: 67.11MB

Validation

Client Solutions

back to client solutions

‘Significant Funding Secured’

Maximum £50k Brexit Support Attained

FPM were engaged by O’Neill’s Irish International Sports Company Limited, the largest family-owned sporting goods manufacturers on the Island of Ireland. Our job was to assess the likely impact of a no-deal Brexit on their business, while also identifying critical actions required to mitigate Brexit risk with funding resources available, to make the Business ‘Brexit Ready’.

The Challenge

The company, which trades primarily in the United Kingdom and Europe with some additional global sales, hosts its main manufacturing facility in Northern Ireland, while its supply chain draws materials from multiple international cross border locations.

Due to the uncertainty surrounding the terms on which the UK leaves the European Union and the negative impact such changes could have on the all Island economy and GB market place, the company established an inhouse Brexit team who engaged FPM to Brexit Proof their business by identifying all risks and financial impact presented by a No Deal scenario, coupled with solutions and funding resources to minimise the threats.

How our services have helped

FPM’s Cross-Border Brexit Team analysed all areas to ensure the trading stability, future growth and continued competitiveness of the business. Everything from corporate structure to supply chain, currency management to cross-border transactions. Key risks identified by the team included the additional bureaucracy and financial implications a no deal scenario would have on manufacturing costs, heightened by the number of times raw materials crossed various borders whilst still in the manufacturing process.

The Outcome

Designing a solution which concentrated on Outward and Inward Processing Reliefs in both the UK, Ireland and the wider EU, FPM embedded agility and safeguarded the Business, making them Brexit Ready no matter what the outcome. An application was then presented to Invest Northern Ireland under the Brexit Preparation Grant, outlining the various risks and solutions. FPM was successful in securing the maximum Brexit grant of £50k for the client.

Newsletter Signup

Stay up to date with the lastest news from FPM.

news
Validation