Engineering firm with more than 350 staff becomes employee-owned

Gilbert-Ash transitions to Employee Ownership Trust

Leading construction and fit-out company, Gilbert-Ash has announced the transition to an Employee Ownership Trust (EOT). Established by the UK government in 2014, the employee ownership model has gained significant traction in recent years, with construction firms in the top five sectors for EOTs. These trusts were created to enable employees to acquire, through the sale of shares by existing owners, a controlling interest in a company. Gilbert-…

Engineering firm with more than 350 staff becomes employee-owned

A Bedwas-based engineering firm employing more than 350 staff has become one of the largest businesses in south Wales to become employee-owned.

Gilbert-Ash agrees sale to employee trust

Contractor Gilbert-Ash will be sold to an employee-ownership trust (EOT), the Belfast-headquartered contractor and fit-out specialist has announced. Financial details of the transaction have not been disclosed. The firm had a book value (net assets) of £26m as of 31 December 2023, the date covered… The post Gilbert-Ash agrees sale to employee trust appeared first on Construction News.

Engineering Firm Transitions to Employee Ownership Model

A Caerphilly engineering firm is taking steps to secure its future for the long-term by becoming employee owned. MII Engineering has announced that the business has completed on an Employee Ownership Trust (EOT), making it one of the largest businesses in South Wales to do so. Based in Bedwas, MII Engineering is a UK-wide, multi-disciplined engineering service provider delivering tailored solutions across mechanical, electrical and instrumentati…

Employee Ownership Trust Pros and Cons

8 minutes read This article explores the key Employee Ownership Trust pros and cons to help determine whether this model is the right fit for your business. As more business owners seek value driven, legacy-preserving succession strategies, the Employee Ownership Trust (EOT) has emerged as a powerful alternative to traditional trade sales or private equity exits. By transferring ownership to employees through a trust, founders can maintain compa…

Caerphilly’s MII Engineering Transitions to Employee Ownership

A Caerphilly engineering firm is taking exciting steps to secure its future for the long-term by becoming employee owned. MII Engineering announced this week that the business has completed on an Employee Ownership Trust (EOT), making it one of the largest businesses in South Wales to do so. Based in Bedwas, MII Engineering is a UK-wide, multi-disciplined engineering service provider delivering tailored solutions across mechanical, electrical an…