Thomas Carroll posts revenue growth in landmark employee ownership year


Thomas Carroll grew turnover 1.9% to £14.58m in a “historic year” when it switched to an employee ownership model.

The change, via an employee ownership trust, went through on 8 December 2023, handing over the reins to staff.

A filing at Companies House for Thomas Carroll Group detailed that of the £14.55m transaction, £3.17m was paid on completion and funded by a voluntary contribution by the group.

RelatedThomas Carroll creates Employee Ownership Trust Top 100 UK Brokers 2023: Directory - £10m – 12.5m 

The remainder is expected to be paid by more voluntary contributions over the next nine years.

The move into

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