A Dundee shopfitter is moving to employee ownership as it prepares to mark its 30th anniversary next year. Balgray Works based Bentleys Shopfitting will transition to the new ownership model with the establishment of a new Employee Ownership Trust to acquire existing shareholders’ stock. The move – which will give the firm’s 50 employees a hands-on stake in the £8 million turnover company’s future – is being supported by Co-operative Development Scotland (CDS)and the buy-up of the share capital will be eligible for tax incentives.
“We wanted a succession plan which would allow us to continue in the business over a period of years whilst supporting a management team that will continue to drive the business forward,” managing director Alan Walker said.
Read more at: City shopfitter moves to employee ownership – The Courier
