Minerva Equity Limited - 31 March 2019 Final 19.08.2019 - Flipbook - Page 17
Minerva Equity Limited (formerly DMWSL 881 Limited)
Strategic Report
for the period ended 31 March 2019 (continued)
Principal business risks (continued)
Contract renewals (continued)
turnover and profitability. Contract renewal risk is mitigated by delivering a quality service, a strong
health and safety performance and an effective bid process.
Skills shortages
The Group operates in a market where skill shortages prevail and consequently it invests heavily in
training and developing employees to their maximum potential. There is a risk that skills shortages
may impact on the Group’s ability to deliver its services. The Group has been very successful in
recruiting from local communities in which it works and in developing and retraining staff. In order to
help tackle ongoing skills shortages, the Group has been actively involved in apprentice schemes
and training the long-term unemployed.
Reliance on supply chain
There is a risk that any disruption to the supply chain would impact the ability of the business to
deliver services to its clients. The business mitigates this risk by establishing preferred supplier
relationships (which are generally not exclusive) and always seeking to ensure that a balanced and
stable supply chain is maintained, which helps to deliver best value to clients.
Health and safety
There is a risk that a significant health and safety failure would impact our ability to conduct our
existing business and win new business. Health and safety considerations form a key part of the
Group’s operational practices and the Group promotes a culture that puts safety first. The Group
operates safe and reliable working practices through a policy of honesty, trust and sharing best
practices across all business operations.
New Business
The Group is targeting growth in adjacent markets using its core skills. There is a risk that the
business is not as efficient or as effective as it might be as key relationships with clients and the
supply chain is established. This risk is mitigated by regular strategic and operational review of new
activities to ensure resources are deployed appropriately.
On behalf of the board,
M G Beesley
Director
2 August 2019
Registered Number: 11279452
Abel Smith House
Gunnels Wood Road,
Stevenage,
Hertfordshire
SG1 2ST
15