Kent primarily based bridge fabricator Nusteel Buildings Group is the most recent building firm to turn out to be an Worker Owned Belief and is now owned by its 90 workers.
The previously household owned agency specialises within the design, fabrication portray and set up of bridges on main infrastructure tasks.
The present board of administrators will stay in place and can have full management of technique and enterprise selections.
The corporate stated: “By changing into an employee-owned belief, we’re securing the way forward for the corporate, our tradition, and importantly, the way forward for an incredible group of individuals.”
“We want to sincerely thank all our colleagues, shoppers, and provide chain members for his or her contribution in direction of making Nusteel the success story it has turn out to be. We imagine we’re well-placed and geared up to look to the long run with nice confidence.”
Newest outcomes for the agency for the 12 months to October 31 2023 present Nusteel had a turnover of £12.6m producing a pre-tax revenue of £246,000.
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