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Bury St Edmunds energy saving company SaveMoneyCutCarbon hands shares to employees

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Sustainability company SaveMoneyCutCarbon has given shares to each of its employees.

The Eastern Way based firm, which was set up six years ago, has received agreement from its investors and board to make employees shareholders in the business.

A percentage of the company's ownership has been placed into a fund that is allocated to staff in the event of the company having a successful liquidity event, such as being sold to a larger company.

Isobel Healey with Mark Sait, CEO of Save Money Cut Carbon (20320544)
Isobel Healey with Mark Sait, CEO of Save Money Cut Carbon (20320544)

At that point each eligible staff member will get a pay-out linked to their time at the company. Junior staff will also receive a one-off payment for their share value.

Mark Sait, CEO, said: "This is a great step for us in respect of our existing staff wellness and development, called internally our 'Doing well by doing good' programme, as well as attracting new staff.

"We think that the scheme could provide potentially life-changing lump sums, beyond their salaries, to staff as the company continues its rapid growth and increases in value."

The business is heading for a turnover of £10 million and now employs 50 people.

Among those benefitting from the shares scheme is Isobel Healey, 19, who joined the company two years ago.

She is part of the team that co-ordinates and project manages large energy and water saving projects, the latest being a major LED lighting scheme at Addenbrooke's Hospital in Cambridge.

Alongside the share scheme the firm has invested in a confidential 24/7 free phone line for staff who may be struggling with mental health or other issues, free company fruit bowls, promoting health and wellness and personal mentoring for staff who want to progress.

It also provides company bicycles for staff use and is currently working with a large hospitality company and a major motorway services.

For more see www.savemoneycutcarbon.com