EDINBURGH-based 7N Architects has set up an Employee Ownership Trust (EOT) with owner and founding director Ewan Anderson transferring 100% of his total shareholding to a trust acting on behalf of the company’s 24 employees.
The EOT structure allows every member of the business to share in the future success of the company.
7N Architects made the announcement in advance of an event at its Randolph Place studio celebrating 15 years of operation on April 18. The company’s leadership will now be spearheaded by a board of directors composed of Anderson together with co-directors Ben Watson and Craig Tait. They will work in collaboration with a board of trustees bringing together Anderson with independent chair of trustees John Hume, and 7N team members Lisa Blyth and Laura Adamson, who were both elected by fellow employees.
Originally named 7N Architects after the seven company members who wanted to stay in the ‘north’ following a breakaway from a previous architectural practice, the company now employs 24 staff. According to Anderson, now is the right time to secure the company’s long-term future.
“7N Architects has come a long way since the practice was formed during the financial crisis of 2009,” he said. “Despite many challenges along the way, we have grown steadily and incrementally, and through a defined focus and commitment to putting placemaking at the heart of everything we do, we have had the privilege of being involved on some of the most transformative and recognised development projects in Scotland and the UK.
“It’s an exciting time for the practice, with projects from London to Lerwick. We’ve created the City Centre Strategy for Glasgow, masterplans for University of Glasgow and Inverness Campus, a new station concept for Network Rail, built hundreds of new homes in some of the most deprived and affluent parts of Scotland and have developed transformational proposals for new workspaces which put people’s wellbeing at the heart of the design.
“I look forward to being an integral part of a new era for 7N Architects – and seeing the company, our employees and our clients continue over the longer-term to reap the benefits of our enlightened and progressive approach to making better places.”
Co-director Ben Watson added, “The successful completion our Employee Ownership Trust marks the next significant step of 7N’s journey. All team members have been involved in this process from the start, and the new leadership structure creates both a strong management framework whilst empowering every member of staff to play a significant role in the future of the company.”
Architect Lisa Blyth, who was one of the original founder members, was voted in by fellow staff members to become a member of the new board of trustees. She said, “The whole employee ownership process was a hugely insightful experience showing how all our employees could play a significant role in the future of the company. All team members took part in a variety of workshops ranging from defining our purpose statement to exploring what kind of work we wanted to focus on in the future.
“We now have a flexible and democratic management structure which reflects the representative and collegiate working environment that 7N has worked so hard to create over the years.”
Originally a masterplanning specialist, 7N has diversified to include the end delivery of a range of high-profile residential, civic and commercial developments.
Formative projects include the award-winning regeneration plans for Fountainbridge in Edinburgh, transforming the old brewery and rubber factory sites into a new residential neighbourhood. Also in Edinburgh, the company has spearheaded the redevelopment of the huge waterfront area at Western Harbour, created sustainable workplaces at 20 Haymarket Yards and Edinburgh Green, and delivered residential developments at Fraser Avenue, Inverkeithing, Rowanbank Gardens in Corstorphine and the New Eidyn apartments at the St James Quarter. The company also designed the Holyrood Distillery.
Elsewhere, 7N has created the city centre strategy for Glasgow, as well as masterplans for the University of Glasgow and Inverness Campus, and has led the regeneration of the former Jordanhill College Campus to create a new residential community of some 400 homes. Current projects include a ‘Re-Imagining Railways’ project for Network Rail having been selected from 200 international entries to design the railway station of the future, with design guidance being published in 2022 for more than 2,000 stations across the UK. 7N is also leading West Town in Edinburgh, helping to deliver a new ‘20-minute neighbourhood’ featuring 7,000 homes.
7N Architect’s Employee Ownership Trust has been set up with guidance from Scottish employee ownership specialists Owner Associates UK. “This was a very natural step in the evolution of 7N,” explained adviser Carole Leslie. “As well as creating a leadership structure which ensures a clear pathway to future succession and security, the Employee Ownership Trust also sets up a practice-wide culture of meritocracy where there are no barriers for anyone with talent and ambition to play a significant role in the future of the company.”
Legal advice for 7N’s EOT was provided by TLT LLP, whilst financial advice was provided by Alan Watt from Reference Point.
