The detail is way too fine. Imagine trying to embroider this logo on a shirt. The name is too small in proportion to the the initials, the spires are an odd building feature unless you are building cathedrals or the Empire State Building. This just doesn't work.
Thank you for taking the time to give me feedback! Will work on the details.
I agree with cooperads' comment. Unless M&G is building the Gaudí cathedral or other works of art, this design doesn't feel right - it looks fragile and that's not the first impression one wants to see when selecting a construction company.