Marine engineering firm Harris Pye secures £2.5million funding package from Finance Wales
Llandow-based engineering firm Harris Pye has ambitious growth
plans after a £2.5million investment from Finance Wales.
The funding will help the firm to fulfil its global commitments,
allowing the company to bid for new, larger contracts.
The £90million annual turnover business maintains and repairs
ships, marine facilities, and offshore oil and gas rigs.
“The support from Finance Wales has been excellent,” explained
Director Mark Prendergast. “We’re in the process of tendering for
some big contracts, which we’re confident we can secure thanks to
this funding package.”
Harris Pye work with clients in Europe, the Middle East and
North America. Founded in 1978, they specialise in repairs and
upgrades for sea-going craft. All engineers and technicians spend
time training at their Llandow facilities.
“Harris Pye has given me the opportunity to develop my skills,
confidence and experience as an engineer, working on projects
across the globe,” explained Graduate Engineer Tom David. “I feel
proud to work for a Welsh-based business that supports its
employees’ career progression with practical training and formal
“Harris Pye is a great example of an ambitious and successful Welsh
business,” added Deputy Fund Manager Bethan Cousins, who structured
the deal for Finance Wales. “The team have a wealth of
international business experience and are true specialists in their
sector. Through their training academy in Llandow they’re also
really strong advocates for Brand Wales.”
In recent years their operations have diversified from marine
maintenance into ‘greening’ the sea-faring sector by installing
state-of-the-art exhaust scrubbers – which reduce carbon emissions
- into cruise liners and cargo transporters.
“The environmental benefit of Harris Pye’s work is really
exciting,” explained Finance Wales Senior Investment Executive
Cenydd Rowlands. “A number of their large contracts are focused on
installing new exhaust scrubber-technology, which they have
designed to help reduce sulphur emissions. This is a real area of
growth for the marine engineering sector and Harris Pye’s
specialist knowledge has given them a leading edge.”