Birketts advises construction consultancy firm Potter Raper on the establishment of an Employee Ownership Trust
31 May 2022
Birketts has advised construction consultancy firm Potter Raper Ltd on the sale of the business into an employee ownership trust (EOT), benefiting over 170 employees.
After 50 years of exciting growth, the construction firm founded in 1970 by Gerry Potter and Mike Raper has changed ownership model, ensuring that everyone at the company has a vested interest in their success. The historic move was made by the directors to secure the continued expansion of the company, maintaining its ethos and rewarding its employees, while ensuring absolute quality of service for their clients.
The Birketts team was led by Lisa Hayward (Partner, Head of Employee Incentives) and Alex Nelson (Partner, Corporate) with support from colleagues Sarah Pearce (Corporate), Kirsty Scripps (Employee Incentives) and Abigail Hubert (Employment).
Andrew Wells, Director at Potter Raper, said: “We are pleased that our commitment to investing in the development of the careers and wellbeing of those who work for us and our desire to provide our clients with an exceptional service will be exceeded through the EOT model. Thanks to Birketts for all their efforts. The team’s clear expertise in this area, together with excellent client service, helped bring the transaction to an efficient conclusion to the benefit of all involved.”
Lisa Hayward commented: “It has been a pleasure to work with the team at Potter Raper to secure a progressive and collaborative future for the firm. Potter Raper have been keen to maintain their ethos and foundations of a ‘modernising business’ conserving the wellbeing of employees and clients at its core. We have no doubt this will be achieved through the EOT model and wish them all the best for their future as an employee-owned business.”