Employee Ownership Trust (EOT)
Nusteel Structures Ltd, one of leading steel bridge fabricators in the UK, has been set up as an Employee Ownership Trust (EOT).
The formerly family owned business was originally founded by Robert Benson, a WWII Royal Engineer Veteran, and in 1954 it was incorporated as a family owned limited company. We believe this next stage in our progression as a steel fabricator, entirely aligns with our company ethos of innovation and excellence.
The current board of directors will remain in place and will have full control of strategy and business decisions.
In a statement the company said, “By becoming an employee-owned trust, we’re securing the future of the company, our culture, and importantly, the future of an amazing group of people.”
“We would like to sincerely thank all our colleagues, clients, and supply chain members for their contribution towards making Nusteel the success story it has become. We believe we are well-placed and equipped to look to the future with great confidence.”
We look forward to continuing to work with all of our partners and supply chain on socially responsible sustainable projects that demonstrate our company’s high standards in Quality, Innovation and Design.