By Ian McConnellA SCOTTISH civil engineering contractor which employs around 130 people is being moved into employee ownership by its founders. Tayside-based Kilmac is being placed in an employee ownership trust (EOT) by founders Athole McDonald and Richard Kilcullen, 18 years after its inception. Kilmac, which was advised on its move by Carole Leslie’s Ownership Associates consultancy, is working on transforming Perth City Hall. From a first-year turnover of around £800,000, Kilmac had by 2018 achieved annual revenues of £10m. “With a strategy of expanding its operational footprint beyond its traditional Tayside heartland”, Kilmac’s next financial results will show profits of £1.3m on a £20m turnover, Ownership Associates noted.

Source: The Herald March 12, 2022 07:56 UTC