Alliance Disposables Ltd set to become employee owned
Alliance Disposables is a major supplier of catering disposables and equipment in the UK and Ireland and has recently announced that it is now employee-owned.
The company, which employs approximately 600 people between its Crewe headquarters and twelve depots around the UK and Ireland, was founded in 1999, and was previously majority owned by its founder directors.
Alliance has grown significantly to a projected turnover of £130m in 2021/22.
David Elder, Managing Director commented: “Alliance has always been particular about maintaining a long-term relationship with its customers and staff. To ensure that those values can be sustained, necessitated us taking a more progressive approach, and this has resulted in the transfer of the business to employee ownership. Often, the sale of a business results in significant disruption and change. We see this as a solid way of maintaining stability and to continue the growth and development of Alliance. We look forward to our employees sharing in the future success. Prospects for future growth are looking exceptionally positive.”
Chris Poston, Client Relationship Director and Group Board Director for Royce Peeling Green chartered accountants who advised Alliance on the EOT said: “The Directors considered a number of options for the future of the company, but concluded that the transfer of 100% ownership to an Employee Ownership Trust (EOT) was the best fit for the culture and ethos which has been built up within the company. The directors are confident that employee ownership will further facilitate the continued growth and development of the business and provide secure employment for the team.”
The Alliance team were advised by Chris Poston of Royce Peeling Green, and Rebecca Grisewood and Rachel Dean of Gateley Legal. The EOT was advised by Emma Hickman of JMW Solicitors.