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.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.

Latest news

Related news