Capital for Colleagues, the investment vehicle focused on opportunities in the Employee Owned Business (‘EOB’) sector, is pleased to announce that the Company has invested GBP 400,000 in a new portfolio company, Employee Owners Group Limited (‘EOGL’), the holding company for a number of businesses operating predominantly under the Carpenter Oak brand.
Carpenter Oak has been creating timber frames since 1987, completing a range of award winning projects, from the largest publicly accessible oak framed buildings in the UK, to a timber frame swimming pool in Russia. Their skilled crafts people have created numerous hand finished, bespoke oak framed houses, oak conservatories and timber frame extensions around the world and its products have featured on Channel 4’s Grand Designs and Building the Dream. Carpenter Oak designs and raises around 90 frames a year for inclusion within schemes ranging from oak sunroom extensions to extensive high-end structural timber engineering in public buildings.
Capital for Colleagues has subscribed GBP 400,000 for 4,286 B Ordinary Shares of £0.01 each in EOGL, representing an interest of approximately 30 per cent in the issued equity capital of EOGL. The remaining equity in EOGL is held by an Employee Ownership Trust (10 per cent, gifted to the Trust by other EOGL shareholders) and directly by EOGL employees (60 per cent).