Marine engineering company embarks on new expansion

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A Caerphilly marine engineering company expanded its site with a six-figure loan from Lloyds Bank.

Edwards Diving Services has purchased a new 9,000 square foot property adjacent to its current premises to support its continued growth.

It will also allow the company to diversify into new areas, including the development of environmentally friendly microhydroelectric technology, which uses running water to generate electricity.

In addition, the company has invested in new equipment to perform sonar inspections. State-of-the-art technology allows it to take measurements underwater and identify problems from hundreds of feet away, compared to just a few feet that previous machines allowed. This will allow the company to deliver more complex projects for new and existing clients.

Edwards Diving Services offers a range of subsea engineering services, from the installation of metal structures to insulation and tank maintenance.

As well as working on a number of large-scale UK jobs – including repairs to historic Brighton Pier and diving in a 30m deep tunnel at Talybont Reservoir – the company has forged itself a solid reputation abroad, working on projects in Sweden, France, Italy and Kuwait.

The company has hired nine new employees in the past 12 months and hopes this further expansion will allow it to further increase its team to nearly 50 employees in the coming months.

Paul Edwards, Director of Edwards Diving Services, said: “The demand for our services has grown steadily over the past few years and the time has come for us to consider expanding our premises here in Caerphilly. This gives us the ability to offer even more services to our customers with new equipment and research in new areas, as well as to continue to develop our team, to help us in the future.

“Lloyds Bank has been by our side for many years and has played a vital role in making this movement happen. They were proactive in helping us find the best solutions to meet our needs and ultimately helped us move forward with the move with confidence.

Michael Hayes, Relationship Manager at Lloyds Bank, said: “Edwards Diving Services is an innovative and forward-thinking company and a fantastic example of a local business that has been growing steadily for several years now. It has been a pleasure to work with and support them as they take this next step in their journey.

“We will remain with them in the months and years to come, and will continue to help them and other South Wales businesses achieve their growth ambitions in the months to come as part of our continued commitment to helping Britain prosper. ”


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