Employee Owned MSL

 

The 1st of October 2014 marked the end of a two year transition at Mike Stoane Lighting as Mike retired from the business and we officially became employee owned, with the majority of the shares in the company now held in a trust for the benefit of the employees. MSL was one of the first companies (possibly the first we're not sure!) to take advantage of a new kind of Trust structure, an EOT, designed specifically for Employee Owned businesses, which was introduced in the 2014 Finance Act. Going forwards our Management Team, our ethos and our passion for what we do all remain the same. Fullfilling Mike's aim of finding a better and more rewarding way to work by manufacturing great things, locally in Scotland, is still what drives us.

Posted: 09/10/2014