Lodge Brothers Funerals’ transition to employee ownership
Lodge Brothers Funeral directors is a family-owned business established in 1780, which has now transitioned to employee ownership though an Employee Ownership Trust.
This marks a significant milestone in the groups history as they now stand as pioneering funeral directors in the UK.
The existing board of Directors has retained their responsibility to steer the Group’s strategic vision. A Board of Trustees has been included to oversee the Employee Ownership Trust and ensure that the Group’s movements align with the best interests of the employees.
Outset Legal advised the Corporate Trustee on legal matters throughout this transition. As well as Castle Corporate Finance, introduced J. Gadd Associates to support Lodge Brothers’ transition. Thomas Snell & Passmore also provided legal support in regard to the sale of the EOT and dealing with the change of control regulations.
