The Client
Hawkins Group of Companies is a nationally recognised leader in the construction sector, delivering a wide range of project management services across the UK. Known for its strong reputation and client-focused approach, the group has built a legacy of excellence in a competitive industry.
The Challenge
The founders of Hawkins Group sought to secure the long-term future of the business while preserving its culture and values. To achieve this, they decided to transition ownership to an Employee Ownership Trust (EOT), allowing employees to share in the success of the company and ensuring continuity of leadership and ethos.
Our Approach
The Herrington Carmichael Corporate Team advised the founders on the sale of a majority interest in the group to an EOT. Our support included:
- Structuring and implementing the EOT transaction, ensuring compliance with all legal requirements
- Providing strategic advice tailored to the founders’ goals and the company’s operational needs
- Guiding all stakeholders through the process, including trustees and employees, to ensure clarity and confidence at every stage
The Outcome
The successful transition to employee ownership marked a significant milestone for Hawkins Group, securing its independence and empowering its workforce. The transaction was completed smoothly, with the client praising the team’s clarity, professionalism, and commitment throughout.
What the Client Said
Mike Hawkins, Founder of Hawkins Group of Companies, commented:
“The support and guidance we received from Yavan and Sophie made the journey of sale to an EOT straightforward and effortless. From the outset they took the time to understand our needs and goals, explaining the process and answering all the questions we had – nothing was too much trouble. Their understanding of the complex aspects of an EOT transition helped us to make the right decisions for our company to continue moving forward in a positive and exciting direction. We would highly recommend the team at Herrington Carmichael to any business considering such a transition. Their professionalism, expertise, and care for their clients throughout the whole process was invaluable.”
Ian Crofts, Trustee of Hawkins Employee Ownership Trust, added:
“We are grateful to Yavan, Sophie, and the rest of the team for their work on transitioning our company to an EOT. They navigated the intricate process of the transition with care and precision, giving all those involved clear understanding and peace of mind throughout the process. Their proactive approach and attention to detail were evident throughout and we wouldn’t hesitate to recommend the team to anyone considering an EOT transition.”
The Team
The project was led by Yavan Brar, Managing Partner, with support from Sophie Protheroe, Solicitor.
Whether you’re looking to preserve your company’s legacy, empower your team, or secure long-term stability, our Corporate Team can guide you through every step of the Employee Ownership Trust (EOT) journey.
Contact us today to discuss how we can support you.
