Sunday, July 14, 2024

Spawforths transitions to employee ownership

Spawforths, the Yorkshire-based independent planning, masterplanning and architectural consultancy, has become employee-owned. This strategic move is set to empower its 22 employees, allowing them to share directly in the company’s success and future growth strategy.

Spawforths works on the full range of development projects from one off houses to New Towns and is currently leading over £12 billion worth of development projects through the planning system, including the creation of 40,000 new homes and 25 million square feet of commercial space across the North and the Midlands.

The new ownership model, established through an employee ownership trust (EOT), ensures that each employee becomes a beneficiary of the trust. This model mirrors successful structures used by prominent companies such as John Lewis.

Chairman, Dave Rolinson, said: “This transition marks a new chapter for Spawforths. By becoming an employee-owned company, we are not only investing in our team but also in our future growth. Our employees are at the heart of our success, and this move reinforces our commitment to shared prosperity and inclusive growth.”

Under the EOT, the current directors will continue to manage the company’s operations, supported by a board of trustees that includes three employee representatives. This governance structure ensures that employees have a voice in the strategic direction of the company while maintaining stability and continuity in its operations.

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