Alloy Wire International has seen sales rocket by GBP 3m since the deal was completed in January, taking turnover to GBP 18m with the prospect of it breaking GBP 20m in 2024.
Demand from customers in more than 63 countries has been behind the initial boost, but now the firm’s commitment to extending the employee-ownership of the company and the culture this brings with it will drive the ongoing success.
A complex process was made easier by expert advice from Dudley-based Acorn Support, who provided an external sounding board for the decision-making and put in place psychometric testing to identify key personalities, emotional behaviour traits and ability to work in a team.
Alloy Wire International was able to make the senior appointments it wanted 12 months earlier than expected and with 100% confidence the right decisions were being made.
In fact, their progression to the next stage did not take long with a full Management Buy-Out completed in January this year.
