CSY Architects complete transition to an Employee Ownership Trust
April 14 2021
CSY Architects have established an employee ownership trust to act as a majority shareholder of the business, to the collective benefit of all 24 staff.
The management arrangement was supported by a loan from Triodos Bank and support from Co-operative Development Scotland, handing employees across Edinburgh, Dalkeith, Berwick and Galashiels a controlling stake in the business.
Formed from a recent merger between Camerons Architects, Douglas Strachan Architects and Bain Swan Architects the latest change will enable the practice to enshrine a values-driven approach to local design.
Douglas Strachan, joint managing director at CSY Architects, said: “By transitioning to an Employee Ownership Trust, we’re ensuring that our values remain at the heart of everything we do. This enables the whole team to pursue a positive ethos of shared endeavour, valuing everyone’s contribution and sharing in the success of the practice.”
Rob Keegan, regional manager for Scotland at Triodos Bank UK, added: “As a bank focused on supporting sustainable business models, we see employee ownership as a tool to empower those within a company and to support their wellbeing. In addition, because employee-owned organisations are inherently transparent, they have a strong commitment to positive impact and an active involvement in the communities in which they operate."
CSY Architects specialise in working with community groups, housing associations and local authorities.
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