Keystone Law Northern Ireland has advised Keltbray, the leading specialist engineering and construction group, on the company’s enhancements to its corporate governance structure, which includes the creation of Keltbray Holdings Limited, a new holding company entity for the Group and all its subsidiary companies, effective 1 November 2020.
The changes follow a review of the organisation to support the Group’s strategy for sustained growth, which will see the formation of the following business entities:
- Keltbray Built Environment Limited, the new operating business for the demolition, civil engineering, remediation, environmental, piling, structures and decommissioning trading activities;
- Keltbray Rail Limited (formerly Keltbray Aspire Limited), the operating business responsible for the delivery of all rail civil engineering and electrification activities; and
- Keltbray Energy Limited, the new operating business for the power distribution, transmission and renewables operating businesses.
Peter Burnside, Chief Financial Officer at Keltbray, said:
“Acting as a trusted advisor to Keltbray, Keystone Law has helped us develop a best-practice governance structure and approach for the Group, in line with our early adoption of The Wates corporate governance principles for large privately owned companies and our customer-focused strategy for sustained growth.”
Commenting on the transaction, John said:
“We are delighted to have advised Keltbray on this strategically important transaction since its commencement in early 2018, which will align the company’s governance structure to its key sector customers and drive its strategy for growth.”