Consultant confirms change of ownership as it posts 28% increase in pre-tax profit

CPC Project Services has transferred its ownership to an Employee Ownership Trust, the 拢35m-turnover business confirmed in an announcement today.

steve mole headshot

Steve Mole said the EOT means CPC is now owned by its 320 employees

The company, which provides consultancy and project management services, had been owned by five partners, with chief executive Steve Mole as the principal shareholder.

The move means the business is now owned by its 320 employees, with the partners being paid in instalments over a period of time under a 鈥渄eferred consideration鈥�.

Mole will continue to be responsible for day-do-day operations along with the current board.

Mole said 鈥淲e鈥檝e been working for many months to ensure that this change in business structure is in the best interests of our employees and clients, as well cementing CPC鈥檚 long-term strategic commitment to remain an independent and agile project and cost management consultancy.鈥�

>>Also read: Growing into new markets: CPC Project Services鈥� Steve Mole explains his plans to diversify

>>Also read: Why they won: A closer look at all the 黑洞社区 Awards 2023 winning entries

The company鈥檚 latest accounts for the 12 months to 31 July last year, published earlier this month, show a 20% increase in annual turnover from 拢29.4m to 拢35.4m and a 28% increase in pre-tax profit to 拢6.5m.

Last November, Mole told 黑洞社区 he wanted to grow CPC鈥檚 income to 拢50m within five years and to 拢100m within 10.

CPC Project Services won in the 鈥淐onstruction Consultant (100 staff or over)鈥� category at the 黑洞社区 Awards in November.

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