Built environment practice becomes employee-owned
Built environment practice Woods Hardwick has become an employee-owned business, a move it says is part of its long term succession strategy.
The 60 year-old company has moved over to a 100% Employee Ownership Trust (EOT).
Former shareholders Calum Wilson, Jason Leonard, John Freeman and Tom Francis will remain in their current director posts.
Wilson, who is a director for Woods Hardwick and been with the business for over 30 years, said: “We’re an independent firm and our staff are our most vital asset so it’s a great opportunity to give back and reward everyone’s efforts.
“We’ve got plans to extensively grow the business across our London, Birmingham and Bedford offices and moving over to an employee-owned business will give us the chance to attract the best employees and talent across the UK.
“This marks the start of a five year transition period where the former owners will coach and develop the next generation of directors.
“For our clients it still remains business and operations as usual and this decision will allow us to carry on serving the sectors we’ve worked in for nearly 60 years.”