Ladybank-based engineering firm, GS Brown Limited, has safeguarded its future by moving into employee ownership.
In a move that secures the business in its Fife location, owners Des and Mike Brown transferred the majority of the company’s shareholding to a Trust for the benefit of the company’s 27 employees.
70 per cent of the shareholding will be held in an Employee Ownership Trust, with the family retaining 30 per cent, demonstrating the Brown family’s ongoing commitment to the business.
The move was part of the successio
Wednesday, 12 June 2019