The Building Podcast: Mark Chats to Malcolm Clarke

Description

Construction is a people industry. It is “people that build for people” and many in the sector have been looking for the best corporate structure to support this mantra. One such solution is the Employee Ownership Trust, where a trust, owned by all the employees controls more than half the equity of the business. This puts the employees in charge of their own destiny and can support a one team culture within an organisation. Malcolm Clarke, MD of Baxall Construction, a successful tier one regional contractor, has steered his company through the process of having an employee ownership trust, which has allowed the existing directors to sell their equity and a new culture of “We are all in it together”. Malcolm talks through the pros and cons of an EOT, sharing examples of best practice along the way. A great listen for those looking for a different ownership structure to their business.

Podcasts