William Sword Pastry Co. Transfers to Employee Ownership
Glasgow News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Historic Scottish Pastry Company Transfers to Employee Ownership Trust: A New Era Begins
William Sword Limited, a century-old pastry company in North Lanarkshire, Scotland, has transitioned to an Employee Ownership Trust, handing over a stake to its eighty-five employees. The Sword family, who ran the business for four generations, is now stepping back into consultancy roles. The shift aims to reward loyal employees and maintain steady supply for customers. New managing director Alexander Gordon and finance controller Caitlin Stevenson are set to lead the company into a new chapter, with experts praising the model for boosting succession and rewarding expertise.
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