INDUSTRY
Fenland Flat Roofing Ltd, specialist roofing contractor, has sold to an Employee Ownership Trust (EOT).
Fenland takes pride in its transition to an employee-owned company under the guidance of Avondale. Established in 1976, the company specialises in installing a diverse range of flat roofing systems, waterproofing solutions, and associated finishes. Offering a comprehensive and high-quality service, Fenland delivers competitively tendered, large-scale contracts to high-profile developers.
The succession plan, orchestrated by shareholders Andrew Bacon, Louise Smith, and Doug McGuigan, was driven by the desire to secure a sale that would uphold the longevity of the company’s long-standing, positive reputation and growth potential. The Trust, instituted as part of the transition, safeguards the business’s culture and commitment to exceptional customer service and employee retention. This move serves as a significant reward for the dedicated team of nearly 30 employees, who are delighted to continue in the next chapter for the business, whilst a new board has been appointed, Andrew Bacon and Louise Smith will retain a mentoring involvement going forward. Avondale led the strategy, process and sale.
Sold to
Employee Ownership Trust
“Once we made the decision to turn our business into an EOT, with a tight timescale of 3 months to achieve this, Avondale facilitated the process quickly and efficiently making themselves available and accessible at all times. They were interested, expert and committed. Great work.”
Andrew Bacon, Fenland Flat Roofing Ltd
