We are pleased to announce that B-Loony Ltd has transitioned to an Employee Ownership Trust (EOT). This move will enable our loyal and long-serving employees to take ownership of the business, with a say in its direction and the opportunity to share in its profits.
Our employees are the backbone of B-Loony, and we believe that becoming an EOT is the right next step for our business. We are committed to maintaining our unique brand identity, culture, and values, and ensuring that our employees have a vested interest in the future growth and success of the business. By giving our employees a stake in the company, we can continue to provide excellent service and top-quality promotional products to our customers.
This historic transition marks a new chapter in our 45-year history, and we believe it will bring significant benefits for our customers, employees, and the local community. As an EOT, we will continue to provide jobs and contribute to the local economy in Chesham.
We are excited about this new opportunity for B-Loony and the benefits it will bring for our employees, customers, and the local community. Research has shown that EOTs improve performance and help with employee retention, and we are committed to upholding our reputation for quality, reliability, and exceptional customer service.
Our existing senior management team and Directors, including Andy MacInnes, Mike Cussell, and James Clephan, will continue to run the business with little change in the day-to-day operations. We will maintain the same close relationships with customers and suppliers that have made us successful for the past four decades.
We are proud to be a part of the Chesham community and are committed to upholding our reputation as a leading manufacturer of promotional products. We look forward to the bright future that becoming an EOT will bring for B-Loony and our stakeholders.