{"id":153534,"date":"2025-07-29T10:21:13","date_gmt":"2025-07-29T09:21:13","guid":{"rendered":"https:\/\/www.pbctoday.co.uk\/news\/?p=153534"},"modified":"2025-07-29T10:21:13","modified_gmt":"2025-07-29T09:21:13","slug":"civil-engineering-contractors-galldris-sold-to-employees","status":"publish","type":"post","link":"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/civil-engineering-contractors-galldris-sold-to-employees\/153534\/","title":{"rendered":"Civil engineering contractors Galldris sold to employees"},"content":{"rendered":"<h2>North London civil engineering firm Galldris has transitioned to an Employee Ownership Trust<\/h2>\n<p>Galldris has been sold to the staff in a transition to an Employee Ownership Trust(EOT). Introduced in the UK in 2014, EOTs have become an increasingly popular form of employee ownership. In 2018, only 19 businesses used them- a number which had <a href=\"https:\/\/www.lubbockfine.co.uk\/blog\/why-employee-ownership-trusts-are-becoming-the-go-to-exit-strategy-for-businesses\/\" target=\"_blank\" rel=\"noopener\">increased by 2,750%<\/a> by 2023.<\/p>\n<p>According to the Employee Ownership Association, as of 2025 2,470 businesses employing 358,000 people have signed up to EOTs. Notable companies embracing the strategy include John Lewis Partnership PLC, Arup Group and Mott MacDonald.<\/p>\n<p>Notably, RSM found that construction was the <a href=\"https:\/\/www.rsmuk.com\/news\/construction-industry-fastest-growing-sector-for-employee-ownership\" target=\"_blank\" rel=\"noopener\">fastest-growing sector<\/a> for employee ownership, seeing a 6,580% increase between 2014 to 2025.<\/p>\n<h3>The 27-year-old firm has enjoyed a sudden ascent in fortunes<\/h3>\n<p>Founded by Donal Gallagher and Sean O&#8217;Driscoll in 1998 in North London, the business grew to a purpose-built headquarters in Enfield in 2008 and a plant hire yard in 2010, as well as opening a new regional office in Birmingham Business Park in 2023 in tandem with their work on HS2.<\/p>\n<p>Latest accounts to March 2024 reported a pre-tax profit of \u00a321m on \u00a3125m revenue, a substantial increase on the previous year&#8217;s pre-tax profit of \u00a3880,000. Cash at bank also rose 15% to \u00a331m. Speaking in January, Gallagher said: \u201cA focused strategy of targeted cost control, cost-plus contracts, selective bidding and pro-active<a href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/fostering-resilient-supply-chains-source-to-contract-management-reduces-risk\/139673\/\" target=\"_blank\" rel=\"noopener\"> supply chain management<\/a> have all combined to raise the margins for the year.<\/p>\n<p>\u201cOur expectation is that retention of our current margins will require constant monitoring and proactive management, however, it is anticipated that the group will continue to be cash positive and continue to retain a strong order book moving forward.\u201d<\/p>\n<p>Galllagher and O&#8217;Driscoll said on the EOT transfer: \u201cFrom our clients and stakeholders perspective, it is very much business as usual.\u201d<\/p>\n<h3>Helping &#8220;ensure sustainable growth and adaptability in an ever-evolving industry&#8221;<\/h3>\n<p>Galldris commented on the news of being sold to staff: \u201cThe establishment of the EOT allows employees to have a stake in the success of the company, promoting a sense of ownership and shared responsibility.<\/p>\n<p>\u201cThis initiative aligns with Galldris\u2019 core values of collaboration, innovation, and dedication to quality, enabling the workforce to contribute actively to the company\u2019s strategic direction and growth.\u201d<\/p>\n<div class=\"mk-custom-module-container\">\n<\/div>","protected":false},"excerpt":{"rendered":"<p>North London civil engineering firm Galldris has transitioned to an Employee Ownership Trust. <\/p>\n","protected":false},"author":25,"featured_media":153548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[304],"tags":[172786,882,661],"stakeholder_rel_tag":[],"contributor_rel_tag":[],"class_list":{"0":"post-153534","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-planning-construction-news","8":"tag-civil-engineering","9":"tag-employment","10":"tag-hr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.9 (Yoast SEO v26.9) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Civil engineering contractors Galldris sold to employees<\/title>\n<meta name=\"description\" content=\"Civil engineering firm Galldris has transitioned to an Employee Ownership Trust, joining a large number of UK construction companies\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/civil-engineering-contractors-galldris-sold-to-employees\/153534\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Civil engineering contractors Galldris sold to employees\" \/>\n<meta property=\"og:description\" content=\"Civil engineering firm Galldris has transitioned to an Employee Ownership Trust, joining a large number of UK construction companies\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.pbctoday.co.uk\/news\/planning-construction-news\/civil-engineering-contractors-galldris-sold-to-employees\/153534\/\" \/>\n<meta property=\"og:site_name\" content=\"Planning, Building &amp; 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