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TD Fegan

SUMMARY

Name: TD Fegan
Location: Rathfriland
County: Down
Total Cost: £ 40,926.00
Axis: AXIS 3 : SOAR
Duration: 6 months
Telephone: 028 30851612

PROJECT SUMMARY

The purchase of equipment to enable the company to undertake contracts, which it was having to bypass, for the grinding and polishing of concrete. The applicant sought funding from SOAR for the purchase of three items of machinery.

BACKGROUND

T&D Fegan is owned by Terry and Daniel Fegan, and located in Drumlough between Mayobridge and Rathfriland, Co. Down. The business has been in existence for approximately 60 years and was originally founded by Daniel’s Father. Their product range includes the manufacturing of Terazzo Flooring, Walls and Countertops. T&D Fegan also provide polished concrete worktops and floors.

ACTIVITIES

Prior to the project, the applicant did not have adequate equipment to take on contracts for the grinding and polishing of concrete flooring and worktops and had been undertaking this work on equipment which is not specifically designed for these jobs. The existing equipment did not allow a tidy finish or a high quality polished finish on concrete, especially near the corners on a given piece of concrete. The applicant had stated that due to the poor finish on the concrete, they cannot tender for contracts. This funding would allow T&D Fegan to undertaken the polishing of concrete in a more timely fashion and would produce goods that were more accurate. The applicant estimated that polishing by machine would allow a job to completed 150% more quickly.

BENEFITS

Project Objectives:

  • To achieve sales of £236,544.00 by end of year 1
  • To achieve sales of £283,853.00 by end of year 2
  • To recruit 2 full time employees by end of year 1

LESSONS

This funding would allow T&D Fegan to undertaken the polishing of concrete in a more timely fashion and would produce goods that were more accurate. The applicant estimated that polishing by machine would allow a job to completed 150% more quickly.