TMSA Group Pty Ltd
| Business Location: | Township |
| Province | Limpopo |
| Branch: | Sekhukhune |
| Business Start Date: | 2014-03-18 |
| Busniess Type: | Company |
Business Dynamics and Challenges
Business Activities:
TMSA Group is a player in the construction sector, specializing in civil, building, engineering and fabrication construction.
Challenges/Needs:
• Lack of ISO 9001:2015 quality management system standard for business operations.
• Lack of signage on their premises for visibility to target market.
• Lack of finance to acquire a bakkie for operations.
Intervention Insights and Results
Intervention Details:
• Development and implementation of ISO 9001:2015 Quality Management System.
• Development of signage on the business premises for visibility to target market.
• Facilitation of access to funding through the Seda Asset Assist Programme.
• Development of signage on the business premises for visibility to target market.
• Facilitation of access to funding through the Seda Asset Assist Programme.
Outcome Details:
• The business managed to secure grant funding worth R250 000 from Asset Assist Programme to acquire a bakkie to optimize logistics operations, reduce delivery costs, and enhance revenue growth.
• For the financial year 2023/24 the company has recorded a turnover of R 2 490 696.00 with operational costs of R 2 239 856.00 which translate to the net profit for the year before tax of R 250 840.00. This translates to the following positive results for the business:
- Increase in turnover of 34% from R 1 928 634.00 to R 2 490 696.00
- From a loss of (R 72 888.00) to a profit of R 250 840.00; and
- The business managed to retain 16 employees.
• For the financial year 2023/24 the company has recorded a turnover of R 2 490 696.00 with operational costs of R 2 239 856.00 which translate to the net profit for the year before tax of R 250 840.00. This translates to the following positive results for the business:
- Increase in turnover of 34% from R 1 928 634.00 to R 2 490 696.00
- From a loss of (R 72 888.00) to a profit of R 250 840.00; and
- The business managed to retain 16 employees.
Client Feedback
Client Comments:
SEDA’s support will assist us to unlock new opportunities for success and further solidify our position as a provider of construction materials and services in the Burgersfort region.
