Our Managing Director, Paul Noall, was recently invited to a North West Business Insider Breakfast that considered how to leave a legacy.
This is what Paul had to say,
J Mills Contractors, a third generation family business, was bought in 2010 through a management buy in led by current managing director Paul Noall in an all-debt deal.
Although not an original family member, Noall intends to keep the family ethos and says his son is now working in the business.
Despite the current uncertainty, he expected to remain resilient. “We build, refurbish and maintain commercial property throughout the UK. I think the commercial sector is more resilient than housebuilding. We’ve some concerns but we’ve been through recession many times.”
And although he is a newcomer to the business, the plan is to keep it going: “We’re not planning to sell it at all, it’s been around over 100 years.” As to whether he’ll adopt an employee-owned model, Noall said he was “open-minded but at the moment what we’ve got seems to work.”