Churchill becomes Employee Ownership Trust

UK-based facilities services business Churchill Group has become an Employee Ownership Trust (EOT). This enables a company to become owned by its employees and can be set up by a company's existing owners.EOTs do not involve direct share ownership by employees, rather a controlling interest in the company is transferred to an all-employee trust which is then held for the benefit of employees.Churchill says the move will ensure it remains true to its founding entrepreneurial ethos, and its core v