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Plowman Craven Passes Reins To Its Employees

By GeoConnexion - 1st July 2021 - 08:28

UK surveyor Plowman Craven has announced it has become an Employee Owned Trust (EOT) on 23 March 2021 following the sale of investors’ shares to its employees. Plowman Craven has since joined the likes of Arup, Mott MacDonald, Black & Veatch and Triton Construction by moving to an employee ownership business model. The move will enable the technical consultancy’s staff to become more invested financially and emotionally in the business’ future trajectory, as well as benefit from the generous tax allowances that exist for profit sharing under the EOT regulations. Plowman Craven will create further employee consultancy groups within the business in the coming months to provide additional avenues for employees to be more engaged with the decision-making processes of the company.

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