Fire protection company looks to ‘grow, innovate and flourish’ after transitioning to employee ownership
The EOA congratulates Golden Thread Fire Delay Ltd after it transitioned to employee ownership to “provide a motivational platform from which the company will grow, innovate and flourish”.
The specialist, market-leading Passive Fire Protection (PFP) company, which was formed in 2018 and is based in Hutton, Essex, has transferred ownership to an Employee Ownership Trust (EOT).
Golden Thread Fire Delay’s services include the installation of fire stopping systems, the inspection, installation and remediation of fire doors, fire compartmentation surveys, the application of intumescent coatings, sprayed cementitious and thermal coatings, all types of fire protection board, and soffit fire, thermal and acoustic lining systems.
Its focus is to help clients, both big and small, achieve and manage compliant passive fire protection and fire doors, including project management and the provision of a ‘Golden Thread of Information’ in relation to the life safety structural fire components installed in buildings.
On its transition to employee ownership, the company said in a statement: “Employee ownership aligns everyone in the company from top to bottom to the vision of providing excellent service to our clients, because we know that is how we will be successful.
“Crucially, this model recognises that everyone within the company is instrumental in ensuring the success of the business and therefore should have a share in that success.
“We believe that the commitment and attitude of employees is directly linked to the maximum value and effort that can be delivered to customers, which is why we have chosen this ownership route.
“Success is not due just to the work of a few individuals, but to the collective efforts and contribution of all employees and the success of a team willing to go ‘above and beyond’, exponentially exceeds that which can be achieved by people ‘just doing their jobs’.
“It will help us to continue to recruit the brightest and best employees going forward; again a benefit that will filter through to our clients, with staff more likely to stay with the company for a long time, ensuring we retain a committed and talented team into the future.”