Edinburgh Firm has employee ownership in its' DNA
Multi award winning Scottish structural and civil engineering firm, David Narro Associates, becomes employee owned.
David Narro established the company in 1986 developing it into one of the industry's most trusted engineering firms. It now employs 49 people between Edinburgh and Glasgow offices.
DNA has sold 80% of shares to employees via an Employee Ownership Trust. The remainder will be made available to staff for purchase directly as part of a share incentive scheme.
Explaining the decision to move to employee ownersip, David said, "The way I have run the practice has always been co-operative, so employee ownership is a natural fit for the company's future".
The transition is not just about the transfer of ownership, but also broadening participation and responsibility throughout the organisation.