Grayson has announced its full transition to an employee ownership trust (EOT).
The company is thought to be the first masonry specialist in the UK to become an EOT.
Introduced in September 2014, the EOT initiative aims to promote employee ownership by giving business owners the opportunity to sell their shares to an employee-owned trust, free from capital gains tax.
“Our employees have always been at the heart of what we do,” said Tony Higson, managing director of Grayson. “Becoming an [EOT] is a natural evolution of our values. It ensures that those who have contributed to the growth of the business are rewarded and empowered to continue driving it forward.”
According to Grayson, the shared ownership structure aligns with the company’s mission to foster passion, engagement, and a commitment to excellence.
“We are proud to be different and even prouder to be owned by the people who make Grayson the special company it is,” added Higson. “This new chapter will only strengthen our focus on delivering the best products and services while continuing to support our team and the communities we serve.”
