Our website uses cookies to improve your user experience. If you continue browsing, we assume that you consent to our use of cookies. More information can be found in our Cookies and Privacy Policy. 

X
Skip to content
Employee Benefits
  • News
  • Covid-19
  • Tax & Legal
  • Benefits
  • Events
  • Suppliers
  • Email sign up
Search Login / Register Primary Menu
Close
or Register
news Share schemes Share schemes

Safer Sphere introduces employee benefit trust

By Louron Pratt 8th December 2020 11:05 am 8th December 2020 11:05 am
Safer Sphere introduces employee ownership trust

National construction organisation and safety specialist Safer Sphere has given its employees part-ownership of the business through an employee benefit trust (EBT).

Following the transition, 49% of Safer Sphere’s shares will be held in the EBT, to give employees the opportunity to control shares in the business. The organisation made the move in order to reward the efforts and contributions of its employees.

Safer Sphere communicated the news to employees via email. Becoming employee-owned is regarded as the next step to growing the business following the organisation reporting strong financial results for 2020.

Mike Forsyth, managing director at Safer Sphere, said “Today marks the eighth Anniversary of the inception of Safer Sphere, a milestone I never conceived when I set out on this journey and testament to the brilliant staff, project teams and clients we work with. It is, therefore, very fitting that I also celebrate and welcome every employee of Safer Sphere as a partner within the business.

“Safer Sphere has converted 49% of its ownership to an employee benefit trust, meaning all of our superb team now have a stake in the business. This provision has been put in place to align with our organisation growth plan, reward our team for their substantial efforts and to enable them to share in the future successes that we hope to see in the coming years and beyond. Congratulations to employees and thank you to everyone who supports us.”

news Share schemes

Claremont launches employee ownership trust

4th December 2020 10:51 am 4th December 2020 10:51 am
Analysis Share schemes

What value do employee ownership trusts bring to an organisation?

23rd July 2019 6:00 am 23rd July 2019 9:48 am
news Employee engagement

BT Group adopts employee ownership model for 100,000 staff

17th May 2019 11:13 am 17th May 2019 11:13 am
Sign up for the leading independent source of news and expert analysis delivered straight to your inbox. Sign up
Latest ArticlesComments
news Pay strategy

Linklaters reports 20.7% mean gender and 10.8% ethnicity pay gaps

15th January 2021 11:14 am 15th January 2021 1:54 pm
news Benefits for carers

71% of working mothers have had their furlough requests refused

15th January 2021 10:15 am 15th January 2021 10:15 am
news Employee wellbeing

JTF Mega Discount Warehouses launches employee assistance programme

15th January 2021 10:04 am 15th January 2021 2:40 pm
news Total reward

The top 10 most-read articles between 7 January – 13 January 2021

15th January 2021 6:00 am 14th January 2021 11:12 am
  • Cancel reply

    Threaded commenting powered by interconnect/it code.

Explore

  • Email sign up
  • News
  • Benefits
  • Analysis
  • Supplier network
  • Events
  • Jobs
  • Video
  • Buyer’s guide
  • Case studies
  • Opinion
  • Industry sectors
    • Building & Construction
    • Charity / Voluntary
    • Financial Services
    • Healthcare
    • Industry
    • Leisure
    • Logistics
    • Manufacturing
    • Media
    • Pharmaceuticals
    • Professional Services
    • Public Sector
    • Retail
    • Technology / telecommunications
    • Transportation
    • Utilities
  • Digital editions
  • Contact us
  • Twitter
  • LinkedIn
  • Contact us
  • Cookies
  • Privacy
  • Website Terms and Conditions

Copyright @ 2020 DVV Media HR Group Ltd

built by Bournemouth Digital

DVV Media HR Group Limited. Registered in England and Wales no. 6776955.

Registered office 1st Floor Chancery House, St Nicholas Way, Sutton, Surrey SM1 1JB