Thomas Carroll creates Employee Ownership Trust
Thomas Carroll Group has handed over the reins to its 181 employees as part of an Employee Ownership Trust in a move the broker flagged as key to its long-term succession plan having never entertained the option of a trade sale.
The employee-owned business already had an Employee Benefit Trust and after the latest transition, which has been approved by the Financial Conduct Authority (FCA), all employees now own a share of the firm.
The Caerphilly-headquartered company was set up in 1972 by Evan Thomas and Terry Carroll.
Group CEO Rhys Thomas, pictured front, commented: “This is all part of our long-term succession plan for the business.
“The EOT model very much reflects the ethos of the group, one which has been in place
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