Section 172 Statement
Under Section 172 of the Companies Act 2006, the Directors must promote the success of the company for the benefit of its members as a whole and in doing so have regard to:
- • The likely consequences of any decision in the long term,
- • The interests of the company’s employees,
- • The need to foster the company’s business relationships with suppliers, customers and
- • The impact of the company’s operations on the community and the environment,
- • The desirability of the company maintaining a reputation for high standards of business
- • The need to act fairly as between members of the company.
The Directors consider the following areas of key importance in fulfilment of this duty:
Budgeting and planning
The Company maintains a Budget and 3 Year Strategic Plan designed to assess the long-term impact of decision making. These plans are derived from a wide range of employees and shared regularly with key stakeholders. Performance is assessed against these plans.
Engagement with Stakeholders
The Board, individually and collectively, maintain relationships and regular dialogue with employees, customers, suppliers, financiers and other stakeholders to promote open and honest relationships. The Company expects the highest ethical and professional standards from all persons acting on behalf of the Company.
The Company takes every opportunity to interact with the local community. Recent activities include engagement with Spanish suppliers to promote Spanish language skills within the South Yorkshire community (ages 5-15). In addition, the Company sponsor local sports teams, engage in fundraising initiatives, provide Schools career talks and support a number of other local good causes.
The Company always looks to adopt latest environmental initiatives relevant to our Industry. We have invested in the latest powder coating technology which has reduced our consumption by 15%. Our return to landfill has been reduced by 60%. We have a commercial fleet of Euro V Lorries and a company car fleet compromising all Electric and Hybrid vehicles with onsite charging facilities. We are also heading up the UK Aluminium closed loop recycling scheme.
Policies & Procedures
The Company operates a training matrix system and ensures that staff have the correct skills and knowledge to perform their roles. The Company also has strict health & safety policies which are continually reviewed and also audited by third parties.