Groundworks firm moves to employee ownership

Aaron Morby 3 years ago
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North West groundwork contractor and civil engineering specialist Fitfield has become the latest contractor to switch to employee-ownership.

Established in 1990, the family-owned Greater Manchester firm said the move would ensure that any decisions taken by the business represent the best interests of its 60-strong workforce.

Fitfield managing director John Maxwell said the switch to being an EOT would preserve the independence of Fitfield, and provide a structure for the long-term for all employees.

He said: “We are one of a small but growing number of businesses in the UK to adopt this truly inclusive structure.”

The majority of shares in Fitfield are now held in the EOT, with the trust operating via a trust board for the benefit of the entire workforce of the business.

Maxwell said “This is an important evolution of our company and we look forward to continuing to work together to develop our business and making sure Fitfield has ongoing success.”

Fitfield provides services including site clearance, foundations, slab construction, drainage, hard landscaping and roads and sewers to clients including housebuilders Redrow Homes, Taylor Wimpey and Barratt Homes.

Fitfield completed the transition following expert advice and guidance from accountants and business advisors Beever and Struthers and independent law firm Brabners.

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