Robert Gatward Jewellers shifts to worker possession

Robert Gatward Jewellers has moved to an worker possession mannequin, inserting the impartial retailer into an worker possession belief and giving employees a collective stake within the enterprise.

The shift means all staff are actually beneficiaries of the belief, with the agency saying the change is meant to assist long-term stability and broaden involvement in future progress.

Managing director Keith Gill will stay in submit below the brand new construction. Former director Bridie Gill has retired from day-to-day duties however will proceed as firm secretary. Accountant Alan Gibson has joined the board as non-executive director.

Common supervisor Marc Morrison, who has labored on the enterprise for greater than 20 years, stated the transfer recognised the contribution of employees. He stated: “This transition to an Worker Possession Belief feels extremely significant. It’s not only a change in construction; it’s a recognition of the worth every member of the staff brings to the enterprise.

“Figuring out that our voices matter and that we have now a real stake sooner or later offers us a deeper sense of satisfaction and function. It’s empowering, and it reinforces the collaborative spirit that’s at all times been on the coronary heart of Robert Gatward Jewellers’ tradition.”

The board now contains Duncan Rooke, Shoaib Mansoor, Gibson, Morrison, Steph Flynn, Bridie Gill, Dan Lett and Keith Gill.

Worker possession trusts – launched by the UK authorities in 2014 – enable enterprise founders to promote a controlling curiosity to staff by means of a belief construction. Advocates say the mannequin can assist succession planning and encourage greater employees engagement.

Robert Gatward Jewellers, based in 1979, operates shops in Oxfordshire and Berkshire. The corporate stated the brand new construction is meant to underpin sustainable progress and guarantee employees have a direct position in shaping its future course.