Good News for Guildford company Petards

10 October 2016

PETARDS GROUP PLC (“Petards” or the “Group”)

Contract Win

Petards, the AIM quoted software developer of advanced security and surveillance systems, announces that it has been awarded a contract to supply Great Western Railway with Petards eyeTrain systems.

The new contract, which is worth approximately £6 million, is for the design, development, supply and installation of eyeTrain systems to be fitted to Class 165 and 166 Diesel Multiple Units (“DMU”) trains. The developed systems add substantial new software driven functionality to Petards’ existing eyeTrain solutions. Engineering development is already underway and will make a contribution to 2016 revenues. This is expected to be completed by the third quarter of 2017 when deliveries of the integrated systems will commence with scheduled completion by the end of 2018.

Commenting, Petards Chairman Raschid Abdullah said;

“We are delighted that Petards has been selected by Great Western Railway to work with them on this exciting project which further enhances our position in the rail industry and significantly strengthens the Group’s present order book for delivery in 2017 and 2018.”

Petards Group Press Release 10th October 2016

Is now the time to buy British?

Is now the time to Buy British? The UK is a major buyer of goods and services from the EU and unless we manage to secure a mutually beneficial deal on Brexit we could change our buying decisions.

UK businesses need to have the support of the British public and “Buy British” should now be an important factor in our product selection.

That sounds easy but can you quickly tell which products are produced by British companies? Its not always easy.

As we approach Brexit we all need to start thinking about this.
Who do we bank with?
Who supplies our Energy? Out of the Big Six energy companies only British Gas and SSE are British.
Which cars do we buy?
What food do we eat?

Manufacturers need to start promoting Made in Britain to help us make our buying decisions easier in case – we need to!.

Tackling Austerity

Austerity is the word we hear all the time now. Last year maybe a quarter of a million marched in London to protest against Austerity and many in other cities. But what were these people really protesting about and asking for? Was it the reduction in Welfare payments or cuts in other services? Are people prepared to share the pain?

The EU referendum result and the political changes since were the result of the Austerity program of the government.

Theresa May’s government has a real challenge ahead as we leave the EU and try to make Great Britain a fairer society. Britain needs to be prepared for some “difficult times” ahead as it leaves the European Union, Prime Minister Theresa May has said.

I think we all could agree that we cannot continue, either as an individual or a government, to spend more than we earn or, in the case of government, collect in taxes.
We as a country are borrowing a vast amount of money and as every day goes by we borrow more, for the purposes of discussion lets say £274,000,000 every day (£100bn/year).
When you look around the high street, you would not believe the country or the majority of the population were experiencing Austerity or being Austere in their approach.
So how do we solve the problem?
Now there are about 30 million workers in the UK so we could eliminate the borrowing by each paying an additional £12 per day in Tax (£4380/year). Very difficult and unlikely to achieve with average Salary of about £26000 and a large percentage of those 30MM people already receiving some financial support.
Or maybe UK companies could pay an additional Tax on their profits or pay increased salaries which would reduce the financial support required and increase tax revenue (total corporate profits currently running at about £1.100,000,000 per day). This could be achievable and still allow companies to make a reasonable profit but is likely to stem investment and employment.
Of course the other way is simply to reduce spending, again not easy to achieve.
Clearly a combination of the above is required to encourage employment and promote growth and demonstrate fairness to all in society.

None of the above tackles the amount we owe today (£1500BN), it just stops the debt increasing.

Goverment Spending plans for 2016 (copied from http://www.ukpublicrevenue.co.uk/)
Public Pensions                    £155 billion
National Health Care         £135 billion
State Education                     £92 billion
Defence                                     £43 billion
Social Security                    £112 billion
State Protection                   £29 billion
Transport                                 £21 billion
General Government          £14 billion
Other Public Services         £88 billion
Public Sector Interest         £60 billion
Total Spending                    £747 billion

No areas should be “ring fenced” to look for savings, there is waste in all activities and all waste should be eliminated.
Our low pay employment structures do not help, it stifles equipment investment because people are cheap and we buy imported goods because we do not want to invest in manufacturing equipment.
We have allowed major industries to disappear from the UK or ownership and manufacturing to go to offshore.
Our Utilities are owned by foreign companies who are able to charge UK consumers for infrastructure which benefits their manufacturing industries.
Our buildings and houses are owned by Foreigners and Investors which impact housing costs.

We need to get take action now but we need to be Fair whilst we go through the change from a welfare dependant (as George Osborne called it) to salary dependant society.
We should all help eliminate the black economy and identify tax avoidance and only deal with registered companies/tradesmen.
Why not increase Income taxes, so those earning more pay more.
Why not consider an increase in VAT, so people who can afford to buy luxury items pay the extra tax.
As well as tackling the reliance on the welfare system and growing salaries to be seen to be fair to all.

Businesses feel free to publish your Business news on gooduknews, we want to hear that things are improving. Innovation will inspire others to succeed, from small beginnings, ideas and success grows. If you are a manufacturer, we would like to hear your Manufacturing news. Growth is the keyword for UK recovery.

Elimination of waste is not only a target for the NHS, it is a target for UK businesses and industry as well as a Global target.
Wasted energy, wasted time or wasted materials, achieving waste elimination is Good News for everybody. Share and Learn

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