Employee ownership for Greentech Sportsturf

By Alistair January 27, 2022 08:55 Updated

Sports surface specialist Greentech Sportsturf has set up an employee ownership trust to hold 100 percent of the firm and put it into the hands of the people who work for it – making them the direct beneficiaries of the company’s future success.

Started in 1998 by Kevin Brunton, Hugh Murray (now retired) and the late Tom Brannan (who sadly passed away in 2015), the directors wanted to look at an ownership succession option which secured the long-term future of the business, its employees and would work well for both clients and founders too.

“The establishment of employee ownership at Greentech Sportsturf will provide continued job security for all staff,” said Kevin Brunton. “It will also enable the employees to have collective control of their future, directly benefit from the ongoing success of the business and to continue to deliver market-leading projects in the design, construction, renovation and maintenance of sports surfaces.”

Employee ownership is growing significantly in popularity, with more and more companies seeing the benefits that can be delivered through this ownership model. Studies have demonstrated that employee owned firms are also more resilient and are proven to weather economic cycles better than most. This may prove to be important as firms the world-over deal with the impact of the coronavirus pandemic.

Eric Carroll, financial controller at Greentech Sportsturf, commented: “I’m delighted that Kevin and Hugh have chosen this option for ownership of the business and I think this is great news for all the staff at Greentech Sportsturf. Everyone of us now has a stake in the business and can share in the success and profits that are made going forward.”