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Midlands family hands over company to employees

Midlands family hands over company to employees

On the 1st of July, Pym and Wildsmith went from a family-owned business to a 100% Employee-Owned business, making them pioneers of going ‘Employee Owned’ in the region.

Founded in 1979 by Stephen Pym and Tony Wildsmith, Pym and Wildsmith has established itself as a leading metal finishing business in the Midlands.

The change in ownership will have a positive impact on the Midlands-based firm, with the leadership of the business continuing to be supported by both Sarah Pym-Eaton and Ian Pym who will remain as directors.

The Operations Board also includes the introduction of a Managing Director role which has been appointed to the current Operations Manager, Craig Taylor.

The business has chosen to have Indirect employee ownership in which 100% of the shares are held collectively on behalf of employees through an employee ownership trust.

The Founders believe employee ownership offers the best opportunities to uphold the legacy and values of the company, whilst enhancing job security and employee engagement. EO also allows employees to look at the bigger picture rather than just focusing on their own role in the business.

Joining the likes of John Lewis Partnership PLC, Howden Group Holdings, and Riverford Organic Farmers ltd, they are adding to the growing EO sector which has doubled since 2020; in June 2020 there were 470 EO businesses and in July 2022 there were 1030.

The founders said:

‘’As a Family, we have committed our lives to this Company. Now we want to see it continue to provide for our employee’s families, for generations to come.’’

Pym and Wildsmith supply Specialist Metal Finishing services for blue-chip companies. With over 40 years of experience, the company provides its customers with shot blasting, powder coating, paint spraying, metal spraying and E-Coating.

They are now looking for people to join their growing team and become part of their robust business strategy for growth.

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