Eòlas Architects transitions to employee ownership

Eòlas Architects transitions to employee ownership

Rob Macpherson

Glasgow and Aberfeldy architecture firm Eòlas Architects has marked its 13th birthday with a switch to an Employee Ownership Trust (EOT).

The highly experienced practice specialises in providing a range of bespoke, sustainable builds for a range of clients in the housing, agricultural buildings, hotel, community spaces, energy provision, healthcare and education sectors.

Reflecting a broader trend which is particularly prominent in the architectural sector, Eòlas Architects hopes the move to employee ownership will help make the company more co-operative and resilient.

Rob Macpherson, founder and director of the EOT, said: “The move to an EOT is an effective way of rewarding our employees for their loyalty and hard work over the past 13 years. I look forward to continuing to work alongside them, as we deliver the excellent service our clients have come to expect from us.”

Eòlas Architects transitions to employee ownership

Nimarta Cheema

TLT provided legal advice on all aspects of the creation of the employee ownership trust and the transfer of the Eòlas Architects into employee ownership. The deal was led by corporate partner Douglas Roberts, supported by senior associate Nimarta Cheema and corporate associate Faye Saunders.

Rob Macpherson said: “We’re extremely grateful to the team at TLT who shared their employee ownership experience with us and helped us understand how it could work for us. We are very thankful for their advice and support.”

Nimarta Cheema, senior associate in the corporate team at TLT, added: “It was a pleasure working alongside the Eòlas team to help them complete this transition. EOTs are increasingly common, particularly in the architectural space, and our knowledge of the sector and experience in handling the transition process helped us to complete the deal smoothly.”

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