Salford civils and constructing specialist Lowbury Development has grow to be employee-owned in a deal designed to safeguard its long-term future.
The Cadishead-based contractor, based in 1975 by the late Patrick Flynn, has transferred possession to an worker possession belief.
The enterprise, which has 24 employees, works nationwide on initiatives spanning utilities, vitality, flood defence, schooling, and industrial buildings.
Managing director Peter Flynn, who continues to steer the agency, stated the transfer was about defending each shoppers and employees.
He stated: “We’ve been working with most of our clients 12 months on 12 months, a few of them for greater than 40 years.
“In exploring choices for the long run, our ambition was to make sure continuity and defend the pursuits of our shoppers and our folks. Transferring to worker possession was one of the simplest ways to realize this.”
Lowbury’s shareholders have been suggested on the EOT sale by MHA company finance and tax groups.
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