fds has successfully advised Coating Technologies Limited on its transition to an Employee Ownership Trust (EOT), marking a significant milestone in the company’s succession planning journey.
Founded in 1979, Coating Technologies is a leading supplier and distributor of chemical products, adhesives, and coating solutions. Serving diverse sectors, including agriculture and construction equipment, automotive, defence and aerospace, manufacturing, and paint and powder coating, the company has built a reputation for quality and innovation over more than four decades.
Coating Technologies transitioning to employee ownership reflects a commitment to protecting the company’s unique culture and values while securing its long-term future. By giving employees a meaningful stake in the business, the transition strengthens their influence over its direction and recognises their dedication and contribution.
Andy Thomas, owner and former shareholder, comments: “The employee ownership trust has worked brilliantly for the employees as it gives them benefits and stability, whilst keeping the culture in the business that we have always had. The team are fully enjoying the business now being employee-owned, it’s been a great motivational tool and ultimately great for the business.
The expertise and professionalism of fds were evident from the start, particularly during the valuation and creation of our Employee Ownership Trust. Their significant experience streamlined the entire process, making HMRC approval straightforward and instilling a high degree of confidence in our decisions.”
Poonam Kaur, CEO of fds, advised the business on its journey to becoming employee-owned. Poonam comments: “We are delighted to have advised and supported Coating Technologies through this transition. At fds, we know how important it is that the values of your business do not get lost when undergoing your succession planning journey. Our first-hand insight into EOTs enabled us to handle this transaction with the sensitivity, care and empathy that the business deserved.
We are confident that this transaction will appropriately reward the team at Coating Technologies for their hard work and commitment to the operations of the business.”
As a trusted advisor in business strategy and succession planning, fds partners with owner-managed businesses to deliver tailored succession strategies. From early planning to successful exits, fds combines technical expertise with a personal approach to help businesses achieve sustainable, long-term success.