Thomas Carroll creates Employee Ownership Trust

Rhys Thomas and some of the Thomas Carroll team

Thomas Carroll Group has handed over the reins to its 181 employees as part of an Employee Ownership Trust in a move the broker flagged as key to its long-term succession plan having never entertained the option of a trade sale.

The employee-owned business already had an Employee Benefit Trust and after the latest transition, which has been approved by the Financial Conduct Authority (FCA), all employees now own a share of the firm.

The Caerphilly-headquartered company was set up in 1972 by Evan Thomas and Terry Carroll.

Group CEO Rhys Thomas, pictured front, commented: “This is all part of our long-term succession plan for the business.

“The EOT model very much reflects the ethos of the group, one which has been in place

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