Britplas, a Northwest-based commercial glazing specialist, is now employee-owned. Owners Kevin Gorman and John Blackwell have transferred 100% of their equity in Britplas companies to its Employee Ownership Trust (EOT).
An EOT is a legal entity that holds a stake in a company on behalf of its employees and the transaction was completed on 5 September 2024.
The move is said to be a significant milestone in Britplas' sustainable growth and employee empowerment journey.
Owners Kevin Gorman and John Blackwell have transferred 100% of their equity in Britplas companies to its EOT
Britplas, whose head office and manufacturing facility are located in Warrington, is primarily known for its Safevent anti-ligature window which was specially developed for use in mental health environments.
The company also designs, manufactures and installs glazed façades for commercial buildings nationwide.
Britplas Group Managing Director, John Blackwell, said: "The move to an EOT model is a hugely positive step for Britplas and its employees, which now stand at over 100.
"I am immensely proud of what our team has achieved, and we are already seeing that by further empowering our employees as stakeholders in the business, we are helping to promote a strong sense of shared purpose and responsibility which will create a platform for further growth."
We have always been committed to fostering a culture of inclusivity, collaboration, and shared prosperity
Chairman of Britplas, Kevin Gorman, said: "We are delighted that 100% ownership will be given to the trust on behalf of our staff, allowing them to share in the future success of the business.
"We have always been committed to fostering a culture of inclusivity, collaboration, and shared prosperity.
"This new chapter represents an immense opportunity for the team and a renewed commitment to our shared values as a business."
Gorman concluded: "Ours has been an amazing journey of development, and I have no doubt that the company will continue to go from strength to strength."
