Case Study: Oxley Group - Enhancing Efficiency and Mitigating Risk with CG's Contract Support
Oxley Group, an 80-year-old manufacturer of high specification LED lighting and electronics for the aerospace and defence market, faced challenges in navigating complex and highly regulated contracts with demanding customers.
If not approached with care, contracts that tied the company to a customer for 30 years with fixed pricing, currency fluctuations, and obsolescence clauses could adversely affect the business.
Consequently, Oxley Group needed a reliable and knowledgeable partner to support them with complex legal matters.
In a highly regulated industry where terms and conditions in contracts can run into pages and pages, it was vital that Oxley had a reliable, knowledgeable and trusted partner – so they turned to CG to help them understand the risk profiles in their various contracts and provide a key check and balance within their governance model.
CG's expertise in contract support has proved invaluable, and the company was able to approach their complex contracts with greater confidence and mitigate potential risks efficiently.
Finance Director, Paul Sheldon, said: “In this sector working and responding quickly is vital. CG provide speedy and knowledgeable support, and they always respond quickly to our needs which allows us to contract more efficiently.
“Their flexible approach to accommodating work made it easier for us to work with them, and the quality of their work and the relationship is second to none. Working with CG increases efficiency and gives us confidence that we fully understand the risks we assume when signing up with customers.”
Paul added: “CG has also provided training ion understanding and managing contractual risk, which proved extremely valuable and has helped increase the teams overall contractual acumen – a real differentiator for us.
“I wouldn’t hesitate in recommending CG for those seeking a knowledgeable, flexible, and reliable partner for legal matters. They have proved to be a valuable partner in mitigating contracting risks and increasing efficiency, resulting in a positive impact on the company's bottom line.”