Churchill Group Becomes Employee Ownership Trust
Soft services provider Churchill Group has announced that it will move to an Employee Ownership Trust model. This is when a company sells their shares to an...
Read Full ArticleFM service provider Atlas has completed its transition to 100 per cent employee ownership through the creation of an Employee Ownership Trust.
Chris Wisely, CEO of Atlas, said: “Transitioning to 100 per cent employee ownership is a proud and defining moment for Atlas. This move reflects our purpose of creating happiness for ourselves and others by giving every employee a real stake in our success. It strengthens our culture, drives innovation, and deepens our commitment to delivering exceptional service for our clients. We’re thrilled to lead the way in our industry.”
This is when a company sells their shares to an employee-owned trust, free from capital gains tax. 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.
Other FM companies that are employee owned include Churchill Group and CleanTEC Services.
Picture: a photograph of a person driving an Atlas-branded vehicle, smiling. Image Credit: Atlas
Article written by Ella Tansley | Published 23 January 2025
Soft services provider Churchill Group has announced that it will move to an Employee Ownership Trust model. This is when a company sells their shares to an...
Read Full Article