Turnover rises at TG Eakin but Brexit concerns cast a shadow BelfastTelegraph.co.uk A Co Down medical devices company has said Brexit issues are presenting challenges to the business. https://www.belfasttelegraph.co.uk/business/northern-ireland/turnover-rises-at-tg-eakin-but-brexit-concerns-cast-a-shadow-38489378.html https://www.belfasttelegraph.co.uk/incoming/article38489990.ece/4f0e1/AUTOCROP/h342/31%20lead%20small%20pic.jpg Email A Co Down medical devices company has said Brexit issues are presenting challenges to the business. Family firm TG Eakin in Comber, which makes dressings for stoma and wound care, said there was a lack of clarity on tariff arrangements, regulatory affairs and the management of supply chains. The company’s stance was revealed as speculation emerged of a potential solution to the Irish backstop issue through an all-island food zone. The backstop, proposed by Theresa May and accepted by the European Union as a solution to avoid a hard border following Brexit, has been rejected as “undemocratic” by her successor Boris Johnson. A strategic report filed with TG Eakin’s latest accounts said the business is working with suppliers and customers to provide assurances “that any short-term adverse impacts are minimised”. In its accounts for the 12 months ending March 2019, the business reported an increase in turnover from £31.8m to £33.6m, while pre-tax profits were steady at just under £16m. Of its sales, £13.4m were generated in Europe, £17m… Read full this story
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