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CG Support ProDecon In EOT Transition

CG Professional was very pleased to have supported the team at ProDecon in their transition to 100% EOT ownership.

Managing Partner Benjamin Dredge & solicitor Debbie Carr worked closely with the team to advise the stakeholders on this alternative approach to company ownership.

A statement from ProDecon on LinkedIn read:

The ProDecon® shareholders are pleased to announce the transfer of the business to an Employee Ownership Trust (EOT). This effectively means that all of the employees are now owners of the business. 

We believe this is a first for the UK Industrial Services sector and is an exciting opportunity for all employees, at every level in the company, to contribute and benefit from our on-going growth. The trust is a perfect fit for our culture and plans for the future.

The EOT allowed for a seamless transition, delivering zero disruption ensuring we are best placed for profitable growth for both our customers and ProDecon®. Recognising that every employee contributes to our success and should benefit from a unique team spirit.

ProDecon LinkedIn post