A leading provider of apprenticeship and vocational training across Wales has become employee-owned.
Cambrian Training Group was established in Welshpool, Powys, in 1995 as a subsidiary of Mid Wales Tourism to deliver vocational and hospitality skills to support the development of the region鈥檚 tourism sector. In 2002 it was acquired in a management buyout (MBO).
Nine employees, plus an independent chairman took up the offer, paving the way for the company鈥檚 growth.
Since then, the company 鈥 which now employs 65 staff 鈥 has expanded its work-based learning and skills and apprenticeship programmes into hospitality, food and drink, manufacturing, retail, business administration, financial services, childcare, health and social care, plus more.
Currently, three key members of the original MBO remain at Cambrian Training and are, along with other retired shareholders, selling their stake in the company.
Arwyn Watkins, executive chairman, Anne Jones, director of quality and Elen Rees, director of finance, are remaining involved. The value of the deal has not been disclosed.
Mr Watkins, who will be stepping down as director but is remaining on the EOT board, said: 鈥淪ecuring employee ownership trust status is a significant step in our journey.
鈥淥ur employees are at the heart of everything we do, and this move ensures that they have a direct stake in our continued success.
鈥淭he decision to move towards an EOT rather than opting for a trade sale was motivated by the desire to sustain the company鈥檚 culture, values, and commitment to quality over the long term.
鈥淲e saw the potential for an employee-owned future as a way to ensure that Cambrian Training Group would remain true to its mission of delivering exceptional training services across Wales, particularly in the face of the challenges posed by post-Covid business recovery.
鈥淢oving into EOT also reinforces our commitment to maintaining our headquarters in Welshpool and supporting the local economy.鈥
Capital Law provided legal advice to Cambrian Training on its EOT transition, with Azets advising on its valuation.
The business was also supported by Social Business Wales, delivered by Cwmpas.
The Employee Ownership Wales service from Cwmpas is part of the Social Business Wales and Business Wales family, both funded by Welsh Government.
Branwen Ellis, from Cwmpas, said: 鈥淲e have been really pleased to support Cambrian Training with their EOT plans and are delighted that yet another great company and significant employer remains autonomous and in local ownership.
鈥淭his will enable the team at Cambrian Training to continue to develop the business and deliver great service whilst providing a smooth transition process to the previous owners.鈥
