TMS Europe announce transition to Employee Ownership Trust (EOT) status

TMS Europe Limited are delighted to announce its transition to Employee Ownership Trust (EOT) status.

Becoming an EOT marks a significant milestone in the development of the business and underpins its core values of teamwork, innovation, and long-term sustainability.

"I'm delighted to announce our transition to an Employee Ownership Trust," said Finance Director Kathryn Price.

"Shared ownership aligns our long-term interests with those of our dedicated team, ensuring a sustainable future and stability for our customers and colleagues alike.

"Success is a collective effort, and together, as co-owners, we're excited to move forward with a renewed sense of purpose towards ever greater achievements," she added.

As an EOT, Kathryn says TMS Europe will remain committed to the core values established by the founder Horbury Winder and Family who founded the business in 1979.

The transition to EOT status has been welcomed by Barrie Hanwell Managing Director who believes it will help secure the long-term success of the business.

"Over the years the independence of the business, its core values, investment in its employees and its reputation, have been critical to its success," said Barrie.

"For this reason, rather than looking for a third-party buyer, we have been exploring alternative ownership models as a way of ensuring it can retain its independence, culture, and values, and empower those already working within the business to lead it.

"Employee ownership incentivises and rewards all the employees of the Company, many of whom have played a key role in TMS Europe Limited success and gives them the chance to drive the future growth and development of the business," he added.

"The new ownership structure will enable us to enhance the Calibration Services we provide to our customers, maintain our independence within the industry, and allow us to put our clients at the centre of everything we do" he added.

TMS Europe Limited
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29/4/2024

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