ECJ EUROPEAN Cleaning Journal

UK-based facilities services business Churchill Group has become an Employee Ownership Trust (EOT). This enables a company to become owned by its employees and can be set up by a company's existing owners.

EOTs do not involve direct share ownership by employees, rather a controlling interest in the company is transferred to an all-employee trust which is then held for the benefit of employees.

Churchill says the move will ensure it remains true to its founding entrepreneurial ethos, and its core values while continuing to grow and evolve for the greater long-term benefit of its employees, customers and communities.

Group CEO James Bradley explained: "The EOT is a natural transition as it continues our unique culture and retains our values of doing right, seeking better and putting people first."

"Our colleagues are what makes Churchill's specialist businesses so successful which is why our founders wanted it to be them who should share in the future success.

"When considering ways in which to take the company forward, we were impressed by the benefits becoming an employee-owned business would bring including furthering our sustainable purpose with better impacts for people and the environment."

The company continues to be managed on a daily basis by the existing leadership team, with the founders acting as a guiding hand to support the long-term stability and sustainability of the business.

www.churchillservices.com