Employee ownership for architectural practice

architectural practice Keppie Design has become the latest business in Scotland to go down the employee ownership route.

Founded in 1854 by John Honeyman, Keppie has been at the forefront of innovative Scottish architecture, with world-renowned figures such as Charles Rennie Mackglasgow intosh among the firm’s former partners. The company is transferring its entire shareholding to an employee ownership trust (EOT) in a move that results in more than 100 staff becoming part-owners of the business.

The shareholders – Peter Moran, Fraser Low, Richard Macdonald and David Ross – acquired the business in a management buyout in 2018. They are said to have been exploring the future of Keppie for some time, recognising the personal investment from the staff that has driven the “special culture and hardearned reputation” of the firm. The four shareholders will remain in the business, allowing for a “period of stability” following the transfer to the EOT.

Managing director Moran said: “The outstanding loyalty and contribution of Keppie employees over the years has earned our practice the reputation it has today. We believe that the best people to own the future of Keppie are the people who know it best – our present and future employees. The EOT will provide a platform for our business to grow, with a commitment to continual professional and personal improvement and innovation to ensure Keppie maintains its position as a market leader.”

Keppie finance director Pamela Ross has been appointed the employee representative on the board of trustees.