A Caerphilly-based marine engineering agency has expanded and bought new premises with the assist of a £2.25million finance package deal from Lloyds Financial institution.
Edwards Diving Companies has bought a state-of-the-art 32,000 sq ft property on Treforest Industrial Property to assist its subsequent part of growth. The transfer will assist to facilitate the agency’s future development ambitions and doubles its footprint in Wales, giving it extra headroom to diversify and maximise new buyer alternatives.
Established in 1992, Edwards Diving Companies offers a variety of advanced and bespoke underwater engineering providers for public framework and personal sectors shoppers together with the RNLI. Working predominantly in difficult places, the agency’s extremely skilled groups of diving engineers, marine engineers, supervisors, and tradesmen can undertake various initiatives from marine vessel inspection upkeep, putting in steel constructions and building initiatives, although to the advanced isolation and upkeep of reservoirs.
The enterprise has overseen a number of high-profile initiatives throughout the UK, together with latest restore work on Dovey Junction railway bridge and extra not too long ago, the Full Moon Bridge in Crosskeys, South Wales, after the bridge suffered intensive flood injury. Edwards Diving Companies additionally has a rising shopper base abroad, having accomplished initiatives in Italy, Russia, and Kuwait.
Having generated appreciable income and revenue development during the last decade, Edwards Diving Companies employs 54 folks and is within the strategy of recruiting an extra six members of employees who will probably be primarily based on the new web site.
Paul Edwards, director at Edwards Diving Companies, mentioned:
“We’ve loved stable natural development over latest years that means our previous premises merely weren’t match for objective anymore. We wished to discover a appropriate house near our roots in Caerphilly that’s large enough to accommodate our future development ambitions and this new web site is ideal for our wants.
“We’ve been a Lloyds Financial institution buyer for almost twenty years and the native crew has all the time been an ideal assist to our enterprise. They’ve labored carefully with us to assist safe our new premises and supplied the funding wanted to finish the acquisition.”
Matt Evans, relationship supervisor, Lloyds Financial institution, mentioned:
“Edwards Diving Companies is an revolutionary and bold enterprise that has developed and expanded to change into a really well-regarded participant in marine engineering. This acquisition of a lot bigger and extra refined premises showcases how Paul and his crew have their sights firmly set on future development. The transfer has additionally boosted the native economic system by creating half a dozen new jobs.
“We’ll proceed to champion impartial companies like Edwards Diving Companies in reaching their ambitions, as a part of our dedication to assist Britain prosper.”
