Establishment of Employee Ownership Trust
On 26th March 2025, the shareholders of Anglian Roofing Supplies (Holdings) Ltd sold 100% of their shares to an Employee Ownership Trust (EOT) established for the benefit of the employees. This transaction took place after the balance sheet date of 31st December 2024 and therefore has not been reflected in the financial statements.
The EOT was funded through cash held by the company, and the selling shareholders will be repaid in accordance with the terms of the sale agreement. The EOT now holds the controlling interest in the company.
This transaction represents a significant change in the company's ownership structure and aligns with the company's commitment to long-term employee ownership and engagement.