Chemical firm adopts employee ownership trust, supported by bank
West and Senior, the Radcliffe-based chemical manufacturer, has formed an employee ownership trust, thanks to a £1.25m term loan from Barclays.
The trust will allow the director, Stephen Senior, to reduce his stake in the local family-owned business, while allowing it to continue operating in much the same way, providing security and continuity to employees and a greater say in the company decisions.
Established in 1952, West and Senior is a privately-owned company with a workforce of more than 60.
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