The move aims to guarantee collective success for employees and the company while ensuring a seamless transition as the founder, CEO, and previous owner, Roy MacKenzie, considers retirement.

Through transfer to an EOT, the business will continue to operate following the company’s established shared vision and values.

Kevin Watt, KCI’s managing director, commented on the transfer and its impact on the company’s future: “This transition marks a significant milestone in our company’s journey and reflects our commitment to our employees and the long-term success of our business.

“Through this transfer of shareholding, we can empower our team to continue to deliver the same quality our customers have always received when working with KCI while reinforcing a desire for the company’s continued success.”

Mr Watt continued: “At the heart of this decision is our dedication to protect our employees and commitment to continuously meeting and exceeding our customers’ expectations. A business structure designed to promote collective responsibility will also benefit our customers.

“A more collaborative workforce provides a strong focus on delivering quality services, motivating employees to deliver for our customers.

“Thank you to our advisors, TLT, JCCA, and Ownership Associates UK, for supporting us in successfully transitioning. This is such an exciting landmark in KCI’s journey, and we are confident it will lead the company from strength to strength.”

KCI has shown the ability to increase turnover from 2.5 million in 2021-22 to 2.9m in 2022-23 and is projecting a 10% growth in turnover year over year for the next five years.