Succession planning proves vital at Alloy Wire

A UK manufacturer of round, flat and profile wire is on course to celebrate a record year, less than 12 months on from a MBO designed to protect the ‘unique values’ of the business.
Alloy Wire International, which began trading in the Black Country more than 77 years ago, has seen sales rocket by £3m since completion of the deal in January, taking turnover to £18m with the prospect of breaking £20m in 2024.Demand from customers in more than 63 countries has been behind the initial boost, but the company is now adamant that its commitment to extending employee ownership will drive ongoing success.
For further