Celebrating one year of Employee Ownership
CAS is celebrating our first year as an employee owned company. We made the move to employee ownership in January 2014 with the support of Co-operative Development Scotland, part of Scottish Enterprise. As part of our employee ownership status, we have joined The Employee Ownership Association (EOA) the voice of co-owned businesses in the UK.
There are many advantages to employee ownership, but for us, one of the biggest factors is the renewed strength of our team. Being a smaller company in a competitive market, we maintain a collaborative approach to working; this has been strengthened by our Employee Ownership status. Employees now have a greater insight and input to the overall business; we are a more engaged and fulfilled workforce. Our new structure has given us a strong and stable platform for future growth.
Our CEO Ken Naismith explains:
“59% of the business is in broad employee ownership by trust and shareholding; the Chairman and I invested in the remainder of the business. I plan to reduce my shareholding over time to release more ownership for employees. So far the results have been positive, and the future looks very bright indeed”.