Shareholders in Cube Glass, led by MD Gary Thorn are handing over almost a fifth of the company’s equity in a shared-ownership scheme to reward 11 long-serving employees.
The arrangement, which entitles the 11 to shares and dividends arising from the profitability of the business, has been transacted under HMRC’s approved Enterprise Management Incentive (EMI) scheme.
Gary, pictured, said: “After more than ten years of active trading as Cube Glass, I wanted to show my appreciation for the huge contribution our colleagues have made to the company over the years by their dedication, commitment and real skill in their diverse roles.
“I want them all to feel part of the business and, by being part-owners, I believe I can support that aim.”
The company has also introduced private health cover for all its employees.
Andy Logan, managing partner of Glasgow-based Robb Ferguson, which oversaw the transaction, said: “Gary wants the people who helped him build the business to share in its financial success.
“The EMI scheme is an excellent way to reward valued colleagues and it surprises me that so few businesses elect to go down this road. Gary has had the foresight to do so, and I believe it will serve him well in attracting both new business and, potentially, first class, high-quality new recruits.”
Cube Glass produces curtain walling, doors, windows, glass roofing systems and shop fronts as well as bullet, bomb and blast resistant glass for sectors including education, health, industrial, social care, commercial property and residential.
It recently partnered with French design and engineering specialist Bel’M, in addition to its existing supplier relationships with Senior Architectural Systems, Metal Technology and Schüco.
