A DUNDEE building engineering services company has announced it has become an employee-owned business.
Scan Building Services’s 56 workers now have a share in the company.
Previous owner David Anderson has sold 100% of the shares to an Employee Ownership Trust, which is holding them on behalf of the employees. The deal was structured in order to make it affordable to the business without affecting its ability to reward the team and reinvest for the future. The plan is to also introduce an Enterprise Management Incentives (EMI) scheme for senior management.
Graham Prophet of Scan Building Services said: “When we were considering our options for future ownership of the business, we wanted to ensure the jobs were retained in Dundee and the staff were rewarded for any success. Employee ownership ticked all of those boxes and following a feasibility study last year, we knew it was the best option for us.”
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