Denny Bros staff join together to celebrate Employee Ownership Day

Exciting plans to place employees at the heart of the ownership of one of Suffolk’s best-known businesses have been celebrated.

Staff at Denny Bros took part in Employee Ownership Day on Friday in recognition of the ambitious plans announced by the Bury St Edmunds company in February.

The family-owned company decided to become an Employee Ownership Trust to safeguard its independent future while giving staff transparency and reassurance moving forward.

Annabel Arden (account executive) and Andrew Denny (managing director, Fix-a-Form International Ltd, part of the Denny Bros Group) celebrate Employee Ownership Day.

Graham Denny, managing director at Denny Bros, said: “As we reached 75 years in business, becoming an Employee Ownership Trust appealed as an innovative way to address the question of succession. While our staff may not notice too many changes on a day-to-day basis, we took this step to safeguard our independence and develop a long-term plan.

“We were delighted to take part in Employee Ownership Day as a way of celebrating our new status and also joining in with like-minded businesses across the country.”

The group has restructured its ownership so that a majority shareholding is now held in trust for the benefit of the employees.

A new company, Denny Bros Trustee Ltd, has been formed to administer the trust while Barry and Graham Denny retain a minority shareholding.

Employee Ownership Day saw thousands of employee owners and businesses come together to raises awareness of the benefits of employee ownership.