TNEI has recently transitioned to an Employee Ownership Trust, formalising its long-held belief that the ultimate success of the business lies with its ambitious, committed and talented people. Ensuring our independence will enable us to continue to provide our clients with unbiased, objective and innovative solutions in the transition to a low-carbon future.
The company announced the move to employee ownership at the beginning of April and can’t wait to embark on this exciting journey together.
TNEI is an independent specialist energy consultancy providing technical, strategic, due diligence, environmental and consenting advice and innovative solutions to a wide range of clients spanning the renewables and energy networks sector. The business has offices in Manchester, Glasgow, Newcastle, Cape Town and Dublin.
It believes one of the reasons for the company’s on-going success “is the team of talented people working within the business”. TNEI was looking for ways to maintain independence while securing the long-term future of the company and is keen to ensure “that the people who work in the business directly benefited and could influence the direction and future success of the company.”
TNEI has always been proud of its inventive and collaborative culture. That culture is at the heart of its success and ensures innovative and novel approaches to supporting and helping solve challenges facing our client base. An Employee Ownership Trust embodies this company culture in which we all feel responsible for the business’ performance and success and establishing the Trust is the next natural step in its journey.
By remaining independent, the company will be able to retain its culture and reputation and allow staff to feel even more connected to the company. TNEI believes that its move to 100% employee ownership will support its future growth by making it a uniquely attractive destination for the most capable engineers, and in doing so, will help unlock the potential of our people and our business.
Nigel Tate, CEO said: “The last two years have seen our business grow significantly on an international scale, this has come alongside a shift for our staff to hybrid working across multiple offices. Completing this transfer of ownership is an important step for the business. Our employees are at the heart of our success and their talent is a significant differentiating factor for our customers. I look forward to working with them to deliver continued growth into the future.”
Ian Graves, Chairman of TNEI Group, added: “I am excited to support our team as they embrace the opportunities that employee ownership offers. Nigel and I are grateful for the support of HSBC UK, Hurst and Almond & Co in getting this transaction completed; their advice and support was invaluable.”
Robin McCormick, Chairman of TNEI Ireland, reflected: “This is a great news for TNEI and each member of staff. I look forward to seeing the business continue to grow and make significant contribution to the sector.”
Dieter Gutschow, Director of TNEI Africa, commented that “the new ownership structure benefits all TNEI’s employees wherever they are based and positions us well for future growth. I am excited to be part of the team and about the opportunities that lie ahead.”