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Robert.Jervis_43227 Oct 13

New Burntwood offices for fast-growing employee-owned freight business

espace
“Phenomenal growth down to the amazing efforts of the business’ employee owners”
Since becoming employee owned in 2017, Espace Europe, a freight forwarding business based in Lichfield has doubled its turnover, profit and staff numbers.

Michael Fabricant, local MP, opened their new offices in Burntwood in June. Espace MD, Tony Shally, puts their phenomenal growth down to the amazing efforts of the business’ employee owners.

“When I transferred ownership of my business to my staff in 2017, our turnover was £5 million. This year we are on target to smash the £10 million barrier. Putting your staff first is a smart move for any business, but so few actually do this”, commented Tony.

100% of the shares of Espace were transferred into an Employee Ownership Trust, with the 36 staff members as sole beneficiaries. An announcement was made at the new office opening that each employee would receive 15% of their gross salary as the employee ownership annual bonus.

Espace will be exhibiting at Multimodal. Please visit them on stand B7 in the BIFA Village and get a copy of their “Brexit Simplified“ guide to reduce Brexit red tape and cut customs costs