Central Insulations Ltd, a Grimsby-based construction and manufacturing group, has moved to an employee ownership model as part of its long-term growth strategy.
The company, founded in 1986, delivers temperature-controlled environments for the food sector. It expanded into pharmaceutical and cleanroom projects in 2015 and strengthened its offer further in 2017 through its acquisition of Lincs Doors, adding bespoke industrial door manufacturing to the group.
The business has now established an employee ownership trust (EOT). Former majority owner Paul Walmsley will stay within the organisation to support the transition, while Adam Rowson has taken on the role of managing director, backed by an existing board of directors. Michael Crook, acting on behalf of The Corporate Law Partner, has been appointed chair of the EOT trustee board.
Advisory support for the transaction was provided by RSM UK, whose tax and share plans teams advised on the structure and tax implications of the move.
The new ownership model is intended to secure continuity, retain skills within the business, and position the group for sustained growth across its food, pharmaceutical, and industrial door divisions.
Laura Marks, tax director at RSM UK, said: “Working with Adam and Paul, we recognised the importance of identifying a solution that aligned with the company’s long-term vision and ensured a secure future for its employees, while allowing for Paul to begin to take a step back.
“Transitioning to employee ownership is a testament to Paul and the management team’s dedication to its people, empowering them to shape its future and share in its success. It has been a privilege to advise the company on this exciting move, and I have every confidence it will thrive under this new structure.”
Paul Walmsley, former majority owner and managing director at Central Insulations and Lincs Doors, said: “We’re thrilled to share that Central Insulations and Lincs Doors are now officially employee-owned. This marks a significant milestone in our growth journey, placing our talented and dedicated team at the heart of the business.
“By empowering our employees with a genuine stake in the company’s future, we’re reinforcing our commitment to long-term partnerships, quality delivery, and shared success. Our focus remains on building sustainable, trusted relationships with our clients and supply chain, and we look forward to continuing our work together.”
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