Thu, 24 Apr 2025 | BUSINESS SALE
Twigworth, Gloucester-based events business Red Blaze has transitioned to employee ownership. That means the company will be 100% owned by their employees through an Employee Ownership Trust (EOT) called the Red Blaze Trust.
The 25-year-old business organises conferences, product launches and exhibitions, incentive travel programmes and corporate retreats, events such as comedy nights and cheese and wine tasting, or company celebrations and rewards and incentives programmes.
Its clients include blue-chip companies such as Virgin Media and Samsung.
Red Blaze said: As part of this transition, we are making some changes to our management team to better align with our new structure. These changes will help us drive growth, innovation, and long-term success under employee ownership. Our leadership remains dedicated to guiding the company forward with the same commitment and passion as always.
With the creation of the EOT, Gaby Pugh, who has been with the business for over seven years, has been appointed managing director.
Stephen Pope will remain in the business as founder director with a lesser involvement in the day-to-day business, providing support for Pugh as she takes on the new role as well as working with the team to expand the agency’s portfolio of clients.
Peter Jackson has stepped down as a statutory director of Red Blaze Limited to become a trustee of the Red Blaze Trust, which is the vehicle that will hold the shares of Red Blaze Limited for the benefit of its employees.
“For years, our company has been built on teamwork, dedication, and a shared passion for delivering excellence, whether it be a client retreat, incentive travel programme, or corporate social responsibility,” the agency said in a statement. “As we looked to the future, we wanted to ensure that these values remained at the heart of our business. By transitioning to an EOT, we are securing long-term stability, rewarding our team’s hard work, and fostering an even greater sense of commitment and collaboration.”
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