Lyndhurst are pleased to announce that they have successfully transitioned to Employee Ownership.

Owners did not wish to proceed with a trade disposal as this did not reward the employees for their hard work and dedication over the 36 years of the Company’s existence. We did not believe it protected the legacy of the Company, the culture, and the security of the employees’ futures. The shareholders felt that a transition to Employee Ownership would be much more beneficial for the employees, whilst providing the departing owners with a soft exit, placing an emphasis on rewarding their employees for the hard work and dedication they have shown over the years.

Russ and Julie Oliver, will remain within the business to provide their knowledge and experience. It is envisioned that the employees of the Company are now even more motivated and empowered to grow, and shape the business, and benefit from their well-earned share of future profits.

Sitting alongside the current board of Russ Oliver (Managing Director), Julie Oliver (Executive Director) and Andrea Garnett (Operations Director), a trustee board was established which consists of newly promoted directors – Andrew Thompson, Craig Sherratt and Lee Scrimshaw who represent the employees.

Hawsons Corporate Finance, acted as lead advisers with legal services provided by MD Law.