Porter Dodson has advised Strawberry Field Catering Limited on its successful transition to employee ownership through the establishment of an Employee Ownership Trust (EOT). The transaction marks an exciting new chapter for the business and its employees.
Strawberry Field Catering is a well-established South West catering business with a reputation for delivering high-quality catering services and building strong, long-term relationships with its clients. The move to employee ownership will help secure the long-term future of the business while preserving the values, culture and commitment that have underpinned its success.
The transaction was led by Porter Dodson's Corporate Team, with Partner David Culshaw supported by Sara Townsend.
Gary Fisher, former Managing Director of Strawberry Field Catering Limited, said:
"I would just like to thank David Culshaw, of Porter Dodson, for the excellent service he and his team gave me when walking me through the complexities of moving Strawberry Field Catering into the hands and ownership of our staff. Throughout all of the legal jargon, everything was explained very clearly so that I understood the process. Thanks again to David and Porter Dodson."
David Culshaw, Partner at Porter Dodson, said:
"We are incredibly pleased to have helped Gary and the other founders of Strawberry Field Catering achieve their transition to employee ownership. From the outset, it was evident that they genuinely believed in the principles behind employee ownership and wanted to create a long-term future that rewarded and empowered the people who have contributed to the success of the business.
Through our discussions with the management team, it became clear that Strawberry Field Catering is a close-knit team, so the Employee Ownership Trust structure felt like a particularly good fit for the culture of the business. It has been a real pleasure to work with Gary throughout the process and we wish everyone at Strawberry Field Catering every success in this exciting new chapter."
The completion of the transaction ensures that ownership of the business is held for the benefit of its employees, supporting continued growth while maintaining the distinctive culture that has made Strawberry Field Catering such a successful business.
For further information about Employee Ownership Trusts and business succession planning, please contact our Corporate Team here.
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