A new message to all our delivery partners from Dean Cooper.
Ash is now effectively owned by an Employees Ownership Trust.
This change is for the better and does not impact our contractual obligations or our capacity to deliver.
What this means is that the company will eventually exist solely for the benefit of the employees. We have embarked on this exciting new route as of 1st January 2021.
The employees are now both partners and stakeholders in the company very similar to the John Lewis Partnership.
Amongst construction companies, this is a rare path to take, and I believe as such it is a genuine USP.
Going forward I will act in a capacity more akin to Chairman, and Peter Seex, as MD, will be responsible for the day to day operations of the business. He, along with the other directors/leaders are tasked with the objective of laying the foundation for sustainable success, not only for their generation but for those that follow, in perpetuity.
The company will be governed by a Board of Trustees, who will consider recommendations from the directors and advise on governance matters and the enactment of the EOT.
I hope that rather like John Lewis, we will stand the test of time and that the partners in the business will begin to believe and understand that it is their company to make a success of, from labourers to directors throughout the whole company. Eventually, we believe the benefits, financially and socially, will outweigh those offered by our competitors. Like most good things, the enduring results are in the long term, and the Trust is no exception. To benefit, our staff will need endurance, tenacity and belief.
Government statistics show that EOTs are more successful than other business because the employees are engaged in the business.
Therefore, it is my hope, that as a result, Clients are also beneficiaries, because the employees of Ash are the stakeholders in Ash, and Client satisfaction and repeat work is the goal irrespective of an employee’s role in the business.
It is our intention to continue to run the company within its means, prudently and with honesty and integrity. We trust that this is welcome news to you all and that there are many good years of trading to come, we thank you for past support and look forward to working with you for many years to come.
Dean Cooper.
Founding Director.