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Wed May 18 2022

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Employee trust takes control at Clegg

4 Nov 21 Clegg’s previous major shareholders – Keith Anderson, Simon Blackburn and Stephen Giltrap – will retain a minority shareholding and continue in their operational roles within the business.

The deal includes both trading subsidiaries Clegg Construction and Clegg Food Projects.

Group commercial director Keith Anderson said: “The group has weathered the last 18 months well and is in a good position to capitalise on the levels of trading currently being experienced.

“The group will post a strong set of results to December 2021 based on an expected turnover of £115m. Carry forward workload into 2022 is also looking particularly positive, and expectations are that revenue will increase to around £130m.

“The employee ownership route will allow us to provide opportunities for succession from within the internal management team over the coming years – an ethos that has been encouraged within the group over the last half century.”

The trust will be represented by a corporate body, led by an independent trustee and representatives from the employees and the board.

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MPU
MPU

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