Chemical firm adopts employee ownership trust, supported by bank

From left: Stephen Senior, Robin Richards, John Daniels (West & Senior), Liam Brougham (Barclays), David Brown (West & Senior)
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. Main activities include th... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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