Optagon Group, a Coventry-based leader in roofing materials, has embarked on a transformative journey by transitioning to an employee-owned business model. This strategic move involves the transfer of majority ownership to its workforce of 50 through an Employee Ownership Trust (EOT), ensuring the company's legacy and independence remain intact. The decision, made by founders Tom and Tina Cullingford, came after turning down a lucrative acquisition offer, highlighting their dedication to the team's collective efforts and the company's autonomous future.
The transition not only rewards the employees for their contributions but also sets a precedent for organizational motivation and performance. Tom Cullingford will continue to lead as managing director, with Antony Murray and Zoe George stepping in as new legal directors. Murray shared his enthusiasm for the change, viewing it as a testament to the team's hard work and a unique chance for deeper engagement within the company.
BCMS, a specialist in employee-owned corporate finance, played a pivotal role in advising Optagon Group through this transition. Their expertise ensured a seamless transfer of ownership, a process that the Cullingfords have commended. Meanwhile, Skyseal, a prominent brand under Optagon, remains at the forefront of offering innovative roofing solutions. Their 3D configurator tool continues to empower customers, from professionals to DIY enthusiasts, to tailor roofing solutions to their exact needs.
This shift to employee ownership is a forward-thinking approach that not only secures the company's future but also enhances its competitive edge in the roofing materials sector. By giving employees a direct stake in the business, Optagon Group is fostering a culture of shared success and innovation. For more information on their products, visit https://www.rubber4roofs.com.
