Thu, 10 Apr 2025 | BUSINESS SALE
London-based fit-out specialist BW Interiors has transitioned to an employee-ownership model. That means it will now be owned by its employees through an Employee Ownership Trust.
The company, which works with clients such as Virgin Media. The University of London, Pernod Ricard and Sony Music, said it had made the move to secure its future.
BW Interiors’ owners sold their shares to an employee ownership trust in March after 25 years of trading, according to its latest accounts.
The firm’s chief executive Steve Elliot said the move “secures our future as an independent business, built to last”. BW Interiors’ existing leadership team is staying in place and is “fully committed to steering the business”, the company said.
BW said it had been deliberating over the move for the past couple of years.
Elliott said BW had been on the receiving end of several takeover approaches by rivals and institutions over the past few years, but he added: “We didn’t want to be taken over. We’re here for the long term and EOTs get buy-in from staff and their loyalty. It’s not something we took lightly, and we did a lot of research on it.”
The firm, which focuses on the commercial office and education sectors in central London, employed a monthly average of 238 staff last year. However, it is understood that the number has subsequently increased to 271.
BW Interiors’ accounts, covering the year ending 31 December 2024, showed that pre-tax profit doubled from £3 million to £6m million.
Turnover increased 22 per cent from £200 million to a best ever £244 million helped by the execution of larger, high-value projects.
BW, which is based at the Old Bailey in the City, is set to move into larger premises nearby later this year.
Find out more about the growth in popularity of employee ownership trusts
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