The board of directors is delighted to announce the start of a new chapter for Lebus Upholstery and Lebus Furniture. One which includes all of our valued employees and cements our commitment to the continued growth of our business, here in Scunthorpe, for the benefit of all of our staff and the community.
The Shareholders of Lebus Upholstery and Lebus Furniture have taken the decision to sell 100% of their shareholding to the company's employees.This is something the board has been deliberating over for some time, as we tried to determine the best future roadmap for Lebus, how we see the business evolving and most crucially, how we can best protect jobs and secure a safe and positive future for Lebus employees.
With immediate effect, an Employee Ownership Trust (EOT) has taken control of both Companies. The Employee Ownership Trust is managed by Trident Trust Company Limited who are based in Jersey. By taking this approach, we have been able to secure the long term ownership and continuity of the business. The current Board members will all remain in situ and fully committed to the business, and operationally, the business and employees roles within it will continue as normal.