Shares scheme secures Gardner Tackle future for staff
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UK company, Gardner Tackle, has ensured a stable and secure future for its staff by passing a significant portion of ownership shares in the business to a trust run on behalf of employees.
Michele and Richard Gardner, who founded the Surrey business in 1980, have made the move by creating an Employee Ownership Trust (EOT).
They have also established a subsidiary company, Gardner Trustees Ltd, which ensures the brand will move forward under the guidance of and in cooperation with the long-standing directors who have built the company.
“This change to the underlying structure is a hugely positive step,” says an announcement from Gardner Tackle. “It naturally allays fears related to the future as a consequence of the mature nature of the directors. It also brings in a performance-related bonus scheme that will offer incentives for continued growth and improved performance.”
Michele Gardner, who sits on the new Trustee Board, along with Managing Director, Richard Gardner, and several other key trustees, said: “This is an historic day for us. We wanted to leave the company in good hands when we eventually retire and an EOT seemed the answer to our dilemma.
“We are confident that our loyal team of staff, who have been with us for many years, will continue to run Gardner Tackle with continued success”.
Gardner Tackle is best known for its carp and specialist fishing products and was among the UK’s original carp tackle companies. It also acts as distributor for selected brands.