The Connick Tree Care business is now owned by its 75-strong team as an Employee Ownership Trust [EOT]. Each employee at the tree preservation and maintenance business will share a slice of company profits, and the majority of its shares are now held in trust for the benefit of current and future staff, at no cost to them.
Connick Tree Care is a Surrey, Sussex and Berkshire-based business, working across Southern England. The organisation had previously been owned by managing director Mike Connick, who works with the team as it moves to an EOT model, as part of a long-term future-proofing plan.
Mike Connick, who will still be central to day-to-day operations, believes the shift to this shared ownership model is a logical step for the company and aligns with its principles of care, trust and family.
Mike Connick says: “I’ve been managing director of the business since the start, but without a doubt, it’s the team who’ve built our organisation. It’s their hard work which has allowed us to remain successful over the years and adapt to changing market conditions and business needs.
“Becoming an EOT means the business will continue as I plan ahead for my future retirement and will see the team directly benefit from our onward growth.”
Connick’s management team and employees remain unchanged as an EOT, but all employees will become beneficiaries, eligible to share in the trust’s profits. An Employee Council will oversee business decisions on behalf of the trust.