Mon, 25 Nov 2024 | BUSINESS SALE
Sustainable building and engineering consultancy Greengauge has transitioned to employee ownership.
That means that the company which is based in Huddersfield and Bradford-upon-Avon in Wiltshire will now be owned by its 16 staff via an Employee Ownership Trust.
The business, which specialises in sustainable, low energy design, was founded by Hannah Jones and Toby Cambray in 2010 from a houseboat on the River Avon in Wiltshire.
It has worked on award-winning sustainable projects and supports Passivhaus projects, from design to certification, including the Stirling Prize winning Goldsmith Street project in Norwich.
The firm is currently working on Passivhaus projects for Oxford University and York and Fife Councils, amongst many more.
Jones, managing director, said: ‘This is an exciting next step in Greengauge’s journey, ensuring that staff will be integral to the company’s decision-making and benefit from any profits. We have grown exponentially, with our portfolio of services now ranging from MEP design, Passivhaus and AECB design through to certification along with more specialist hygrothermal risk analysis and complex 3D thermal bridge modelling.”
The transfer to an Employee-Owned Trust was supported by Jeremy Kirk of SouthWestFD, which provided financial management and strategic input to Greengauge, along with the legal team of South-West firm Stephens Scown, led by Gavin Poole, and the Cornwall-based firm Forth Accountancy, led by Claire Forth.
Kirk added: “In the 5 years that I’ve been working with Greengauge, I’ve been hugely impressed with the determination to deliver a first class service to its clients whilst ensuring that its staff team are central to the culture of the company and also returning year-on-year growth. I am therefore delighted that the transfer to an EOT now demonstrates the long term commitment to the whole staff team.”
Poole said: “We were thrilled to lean on our own experiences as an employee-owned law firm to deliver more than just the legal documentation. With good communication and teamwork with Greengauge, SouthWestFD, and Forth Accountancy, the Stephens Scown team was able to deliver an exceptionally smooth completion ahead of time.”
Find out more about the increasing popularity of employee ownership
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