TH March Insurance Brokers transitions to an employee ownership trust
The transition will empower TH March’s employees, enabling them to contribute to decision-making processes and benefit from the company’s long-term growth
Register to get 1 more free article
Reveal the article below by registering for our email newsletter.
Want unlimited access? View Plans
Already have an account? Sign in
TH March Insurance Brokers, a specialist broker for the jewellery and allied trades has announced that it has transitioned to an Employee Ownership Trust (EOT).
Under the new EOT structure, the company will continue to operate with the same leadership team, ensuring a seamless transition with no disruption to its valued colleagues, customers, partners and communities.
The company believes that by becoming an employee-owned business, it ensures its “legacy, values, and commitment to clients and industry partners remain at the forefront of its operations”.
The transition will empower TH March’s employees, enabling them to contribute to decision-making processes and benefit from the company’s long-term growth.
Simon Dawe, managing director of TH March, said: “This is a proud moment in our company’s history. Becoming an Employee Ownership Trust allows us to preserve our independence while ensuring our dedicated colleagues have a direct stake in the future success of TH March. Our customers will continue to receive the same high standard of service, with the added assurance that our team is fully invested in delivering excellence.
We have a strong leadership team at TH March, fully capable of driving the company’s growth strategy and guiding our colleagues through this transition. This is an incredibly exciting time for us as directors and for our colleagues, as we embark on a transformative journey that will truly set us apart in our sector.”
Michael Ferraro, non-executive director at TH March, added: “My grandfather, Frederick, joined the company’s founder, Thomas H March, in 1905. After his death in 1960, my father, Roger, took on the role, and in 1972, I became the third generation to serve as Managing Director of TH March.
“Throughout our history, TH March has remained a unique and resilient business, committed to its employees and clients. While the day-to-day operations will continue as they are, the transition to an Employee Ownership Trust (EOT) will position us to strategically evolve for long-term success. I am delighted to continue preserving the unique heritage of TH March and confident that this is the right step for the business and a positive move for both us and our clients.”
