Darwen Terracotta shifts to employee ownership

A Lancashire specialist manufacturer has transitioned to employee ownership as part of a long-term succession plan.

Darwen Terracotta, based in Darwen, has completed a move to an Employee Ownership Trust (EoT), securing the company’s independence while recognising the contribution of its workforce.

Renowned for its architectural terracotta and faience, the company supplies bespoke ceramics for heritage and contemporary projects.

The move to an EoT allows shareholders to step back while embedding a long-term ownership model centred on employees.

Steve Allen, director of Darwen Terracotta, said: “Transitioning the business to employee ownership was a decision driven by people and legacy. 

“We wanted to ensure the business remained independent, that our employees were recognised for the role they have played in building it, and that the company was set up for long term continuity. 

“Logros supported us throughout the process and helped deliver an outcome that feels right for the business and everyone involved.”

Logros Advisory Partners led the transaction, acting as corporate finance adviser to the shareholders.

Brian Higgins, managing partner at Logros Advisory Partners, added: “Employee ownership can be an excellent solution for founders seeking to realise their investment in a business, while still protecting the culture, people and long-term future of the business. 

“This transaction was about creating continuity, rewarding employees and delivering a structured and considered ownership transition.”

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