Townsend Enterprise Park Ltd Townsend Street, BELFAST BT13 2ES :// - [email protected] Tel 028 9043 5778

Townsend Enterprise Park Ltd Townsend Street, BELFAST BT13 2EShttp://www.townsend.co.uk - [email protected]

Tel 028 9043 5778 FAX 028 9089 4502

http://www.townsend.co.uk


Tel 028 9043 5778 FAX 028 9089 4502

WELCOME

19th June 2013


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502

Townsend Enterprise Park Ltd is registered as a company limited by guarantee in Northern Ireland (No 20329) and is registered as a charity for tax purposes with the Inland Revenue (No XR 93502).

All Directors of Townsend Enterprise Park Ltd are unpaid volunteers

The objectives of the company are:“..to encourage the development of small and medium sized businesses in this community thereby creating employment and providing a focus for the social and economic regeneration”


Tel 028 9043 5778 FAX 028 9089 4502

Key characteristics of the Townsend Project

1987 - 2013

•A neutral working environment

•Good business = jobs = prosperity = stability

•Common bond at Board level – reinvestment of time, skills and expertise

•Long term strategy

•Strong community ethos

•No barriers to discussion, involvement or action

•Collective responsibility


Tel 028 9043 5778 FAX 028 9089 4502

Our Organisation...

ChairmanJohn Palmer

Board of 11voluntary members

Finance&

PersonnelSub Committee

BusinessDevelopment

&Property

SubCommittee


Tel 028 9043 5778 FAX 028 9089 4502

1986 : TeP formed to acquire Park from IDB

1987 : Bus Plan agreed and Finance sourced

1988 : Phase 1 Building constructed

1989 : Phase 1 fully let

1993 : Phase 2 planned

The Park - so far...


Tel 028 9043 5778 FAX 028 9089 4502

The Park – Phase 2


Tel 028 9043 5778 FAX 028 9089 4502

Cargill Street Development



Tel 028 9043 5778 FAX 028 9089 4502

1995 : Phase 2 building commenced1996 : Phase 2 ready for business



Tel 028 9043 5778 FAX 028 9089 4502

1987 - 5 Companies in small IDB units - 30 people employed

1989 - 10 Companies on site - 100 people employed

1994 - 26 Companies on site - 230 people employed

2013 - 35 companies on site - Employment on-site 350 approx



Tel 028 9043 5778 FAX 028 9089 4502

85% occupation (June 2013)

Manufacturing Computers Kitchen Equipment Sportswear

Food Preparation Bakery

Third Sector Welcome CentreFriends of St Therese

Service Sectors Computers Business Consults Graphic Design Video production



Tel 028 9043 5778 FAX 028 9089 4502

Funding and Finance

Initial Funding

Phase 1 - £850k

LEDU and IFI - £450kNorthern Bank Mortgage - £250kFriends of Ireland - £150

Phase 2 - £900k

LEDU and IFI - £400kEDCS Mortgage - £300kIrish American Partnership - £100kMaking Belfast Work - £50kTownsend own resources - £50k


Tel 028 9043 5778 FAX 028 9089 4502

Financials since 2006

-50,000

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

TIME

TU

RN

OV

ER

in

£

Series1

Series2

Series3

Series4

2006 2007 2008 2010 2011 2012 20132009

2006 2007 2008 2009 2010 2011 2012 2013

Turnover 284,400 274,993 286,763 253,012 304,156 293,752 247,515 242,628

Establishment Expenses 78,696 82,797 80,504 101,827 241,417 276,227 225,143 192,979

Admin Expenses 208,434 211,034 161,656 115,226 28,086 30,467 30,633 37,095

Operating Profit (loss) -2,730 -18,838 22,160 20,930 34,653 -12,937 -8,261 12,554


Tel 028 9043 5778 FAX 028 9089 4502

Rental Revenue from the Estate

Training IncomeTradelinks – InterTrade IrelandGo for It – InvestNI

Business Services

Room HireBusiness Support Services

Print/CopySecretarial ServicesAnswering and Mailbox services

Our Income…

£65k transferred to Enterprise NI to establish Loan Fund in 2003


Tel 028 9043 5778 FAX 028 9089 4502

Greater support for business outside the Park

Encouragement of E-Business

Maintaining the fabric of the Estate

Encourage migration from “grey/black”economy to the conventional economy

Consolidate relationships with economic development community

Identify and harvest further training opportunities(Local - UK/IR and transnational)

The Future


Tel 028 9043 5778 FAX 028 9089 4502

Property Management

All Directors of Townsend Enterprise Park Ltd are unpaid volunteers and are also Directors of CORE-VISION Ltd.

Directors can also act as contractors on CORE-VISION Ltd projects and are paid professional fees on an agreed basis for this work.

All profits generated by CORE-VISION Ltd are gift aided to Townsend Enterprise Park Ltd to assist in meeting the objectives of the company.

Phase 3


Tel 028 9043 5778 FAX 028 9089 4502

CORE-VISION Ltd provides business training and business development services to clients in the following areas:

· Management Development Training· Training audits – baseline assessments· The Business Planning process (Finance, Marketing, Operations)· Retail Management skills· Market Research techniques· Financial Management· PR/Media Management skills for SMEs· Social Media Management· Governance· The Role of a Director· Confidentiality and Data Protection issues· Business idea generation

This list of business development and training services is not exhaustive and on-line versions may also be available for some of these subject matter areas.


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502


Tel 028 9043 5778 FAX 028 9089 4502

http://www.townsend.co.uk

Documents

Townsend Enterprise Park Ltd Townsend Street, BELFAST BT13 2ES :// - [email protected] Tel 028 9043 5778