OFR Consultants, a fire engineering consultancy with offices in Edinburgh and Glasgow, has made the transition to an Employee-Ownership Trust (EOT) model.
An employee-owned trust is acquiring a controlling stake in the company, which will also continue to operate it’s Enterprise Management Incentive (EMI) share option scheme, ensuring colleagues can benefit both collectively and individually from the firm’s success.
OFR said this dual approach reinforces its long-term independence, empowers its people, and demonstrates a commitment to rewarding employees at all levels of the business.
Every OFR colleague is now a beneficiary of the trust, with their interests represented by employee representatives on the board of the trust. This model means employees have a greater voice in how the business is run.
Founder Sam Liptrott said, “Evolving into a partly-owned EOT secures the best path forward for shareholders and staff. It safeguards our entrepreneurial spirit, guarantees independence, and ensures we keep delivering outstanding projects while leading the fire engineering discipline.”
Antonela Colic, graduate fire engineer, added, “The new model offers employees the chance to share in the company’s growth and rewards and supports OFRs intention to inclusivity in every aspect. As a young professional, this change gives me freedom to learn without the need to aim for an executive position to enjoy meaningful rewards. It’s a structure that values and rewards technical contribution and expertise, without needing to step into CEO or managerial roles and just climbing the ladder.”
