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.
“The involvement of all employees in the ownership of the business will be a major boost going forward.
“ In addition to our 50 staff we have a network of local suppliers and subcontractors who rely on our business.
“Other options were considered but the priority of the board was to ensure the business remained local.”
Established in 1987, Bentleys specialises in the management and completion of interior fit-out projects, creating high quality bespoke furnishings at its in-house manufacturing facility.
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Bentleys Shopfittings
Bentleys is an interior fit out contractor and bespoke joinery manufacturer working throughout the whole of the UK.
