Tue, 22 Apr 2025 | BUSINESS SALE
Caerphilly engineering firm MII Engineering has transitioned to employee ownership. It means that the multi-disciplined engineering service provider delivering tailored solutions across mechanical, electrical and instrumentation, structural, pipework, fabrication, manufacturing and scaffolding, will be owned by its employees via an employee ownership trust.
Based in Bedwas, the group delivers engineering projects for 118 clients in industries including oil and gas, pharmaceuticals, steel, food, water and manufacturing.
The firm employs more than 350 local, skilled workers across a range of trades who have directly contributed to the success of the business to date.
In its most recent financial accounts for the year to January 31, 2024 the company reported a turnover of £53 million and a profit of £550,000. It said it had been boosted by new customers in emerging industries such as utilities, nuclear and metals.
Matt Moody, Director at MII Engineering, said: “Becoming employee owned is a huge step for any company, but one that we’re seeing more and more businesses in Wales start to take. We’re delighted to have completed on our EOT. Not only will this give our employees, who have been so crucial to our success since our beginning in 2009, more say over how the business is run but it should also provide greater job security as we’re able to really focus on our long-term success.”
He continued: “Ultimately, for us transitioning to an EOT model is about making sure MII Engineering is the best it can be – for our employees, and for our clients. We’re proud to be a leading employer providing high quality job opportunities in the area, and becoming employee owned will enable us to do even better. We’re confident this change will not only improve our operations and therefore our client experience, but also the culture and overall job satisfaction for the talented people who work for us. For us, it’s business as usual – but better.”
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