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Thursday, May 23, 2024

CPC transfers ownership to EOT

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CPC Project Services LLP (CPC) is pleased to announce that it has transferred ownership to its employees, through an Employee Ownership Trust (EOT), to become CPC Project Services Ltd.

Over the past 12-18 months the shareholders of CPC have considered a number of options regarding the future ownership of the business and how best to prepare for its next stage of growth. The transfer of business structure to an EOT means that CPC will be owned by each and every one of its employees, enabling them to share in the future success of the business, as well as having a greater say in how it is run.

This is an exciting opportunity for both CPC and its employees, and will also be in the best interests of CPC’s clients, as it will provide ongoing continuity of services and longevity of CPC’s business and brand in the marketplace.

The EOT will mark the beginning of a new chapter for CPC and will pave the way for its next stage of growth, and one step closer to realising its vision: to be recognised as the best independent project and cost management consultancy in the UK.

Steve Mole will continue to lead CPC, alongside the current Board of Partners. The Board is, and will remain, responsible for managing the day-to-day operations and business interests of CPC. The EOT will be governed by a Board of Trustees, who will be responsible for ensuring the success of the Trust for the benefit of CPC’s employees.

Steve Mole, CEO, CPC Project Services Ltd, said “I am thrilled to be able to announce CPC’s transition to an Employee Ownership Trust. We’ve been working for many months to ensure that this change in business structure is in the best interests of our employees and clients, as well cementing CPC’s long-term strategic commitment to remain an independent and agile project and cost management consultancy.

Image credit: CPC

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