Bisley gifts staff 51% of company in legacy move

Bisley’s CEO, Richard Costin has announced that Anthony Brown, the owner of the Newport-based office furniture designer and manufacturing firm, has established an Employee Ownership Trust (EOT), gifting the employees 51 per cent of the shares in Bisley.

Since joining Bisley in February 2020, Richard has been working closely with Anthony, regarding the business succession plan and the long-term future of Bisley and its employees.

Moving forward, 51 per cent of Bisley will be indirectly owned by its circa 500 global employees, most of whom are based in the UK, but also with offices throughout the world, including Dubai, New York, Paris, Germany, the Netherlands, and Ireland.

The development of the Bisley Employee Ownership Trust has been an integral part of Anthony’s ongoing succession planning since he began working for his father in 1960. 2022 marks his 52nd year as the owner of Bisley, the company he bought from his father upon his retirement in 1970. At the time he became the proud owner of the business with a £370,000 turnover, employing 45 members of staff.

Since taking ownership of Bisley, Anthony has diversified the business, continually adapted to ongoing technological, economic, and cultural change, opened offices across the world, and has been consistently recognised for excellence in British design.

Today the company produces over 15,000 items per week, exporting to over 75 countries around the world. Over recent years Bisley continues to diversify, designing new innovative products for both the home and the office, significantly expanding its e-commerce offering, and most recently establishing a new partnership with John Lewis.

Anthony, who will continue as Non-Executive Chairman said, “for some time now, along with the Board of Directors, I have been seeking ways in which to ensure the long-term success of Bisley, and at the heart of this for me has always been the most important element of Bisley – our people.”

The Bisley Employee Ownership Trust will be managed by a group of Trustees, including CEO Richard Costin.

Richard added, “it has been an honour working with Anthony, bringing this exciting change to galvanise and unite all of us at Bisley.

“Our staff across the world mean so much to us and it has been a pleasure to complete the EOT at such a challenging economic time. This important announcement provides reassurance to our staff, customers, and suppliers and it allows our ethos, values, and independence to continue to thrive while allowing us all to share in the success, and to continue the incredible legacy that Anthony has set.”

Company Details

Bisley

Knightway House
Park Street
BAGSHOT, SURREY
GU19 5AQ
UNITED KINGDOM

01483 485600

marketing @bisley.com

http://www.bisley.co.uk/

More News
19 hours ago
Pulsant appoints new Chief Commercial Officer
UK-based digital edge infrastructure provider Pulsant has made a move to power its growth strategy with the appointment of Mark Turner as its new Chief Commercial Officer (CCO).
20 hours ago
Glasgow named city with UK’s biggest broadband speed gap
Glasgow is the UK’s most unequal city for broadband connections, with its fastest area 866 times the speed of its slowest, according to analysis of 16,500 consumer speed tests by Uswitch.com, the comparison and switching service.
21 hours ago
CompTIA finds UK tech sector is optimistic for the year ahead
UK tech firms are optimistic about the health of the industry going forward despite the current and predicted long-term economic turmoil, a new report from CompTIA has found.
1 day ago
InVision joins G-Cloud to benefit public sector contact centres
InVision Software has announced that its cloud-based injixo workforce management (WFM) solution has been accepted onto the G-Cloud 13 framework. Accelerating its adoption by UK public sector organisations, such as local authorities, injixo is now available via the G-Cloud Digital Marketplace.
1 day ago
Benefits of employing multi-layer security solutions
In 2022, implementing and managing security solutions for buildings of any scale can be a complex process. Tommy Geddes, Commercial Director for George Boyd discusses the importance of layered physical security in the modern world.
1 day ago
ARuVR awarded Crown G-Cloud 13 approved supplier status
ARuVR, an Extended Reality (XR) training platform, has announced that it is the first Augmented and Virtual Reality business to achieve approved supplier status on both the Crown G-Cloud 13 and the government's Crown Commercial Service (CCS) digital outcomes and specialists framework.
2 days ago
Dynabook expands Satellite Pro C-series range with two new devices
Dynabook Europe has announced the expansion of its Satellite Pro C-Series with the arrival of the 14-inch Satellite Pro C40-K and 15.6-inch Satellite Pro C50-K.
2 days ago
Pulsant identifies six predictions for the year ahead
Looking ahead to 2023, UK digital edge infrastructure provider, Pulsant, has identified its six predictions for the changing world of infrastructure.
3 days ago
Canon Europe names new Executive Vice President Digital Printing & Solutions
Canon Europe has announced that Hiro Imamura, Vice President Marketing & Innovation EMEA, Digital Printing & Solutions (DP&S), has been promoted to Executive Vice President DP&S, Canon EMEA.
3 days ago
Are waste companies really committed to waste reduction?
With the looming recession taking its toll on businesses, sustainable waste management experts, Envirovue, highlights the importance of long-term waste reduction, and the malpractice of large-scale waste management companies and reveals how the waste management sector represents an essential component in revitalising the economy.

Login / Sign up