East Anglian based Canham Consulting has announced that it has transitioned to an employee-owned business, with the formation of an Employee Ownership Trust (EOT).
The move comes after the business considered various succession options, including a management buyout and trade sale. The primary objective of any future ownership model was to build on the culture and provide longevity to the business. This transition ensures that the ethos of the business will continue for generations to come.
The employees at Canham Consulting are all excited about their role in the ownership model and how they can all work together to drive the business and continue to be a leading business in Norfolk.
Managing Director, Rob Panter is hugely excited about the future of the business, stating that he is delighted that the employees will all share in the ownership of the business and continue to play an active part in driving Canham Consulting forward. The company is committed to continued growth, both within East Anglia and beyond. Norwich is the company’s home and will always be a priority, with the company remaining hugely proud to have served Norfolk and Suffolk for so long. Cambridge and the surrounding area is a focus area of growth for the company.
The business is committed to training and professional development, with an openly celebrated ‘Culture of Learning’. Employees are encouraged to support educators, frequently visiting schools, colleges, and universities to explain the various careers in construction and the opportunities available in the business.
Transitioning to Employee-Owned has only been possible with some excellent advice and guidance, from specialists in this field. The company partnered with Larking Gowen who provided Governance, Tax, and Financial advice throughout the process. Transitioning to Employee Owned requires the very best legal advice, and the company is very grateful to Leathes Prior Solicitors for their guidance and direction.