London-based architectural visualisation studio Hayes Davidson has become 100 per cent employee-owned
The move sees all the employees at the practice, which was founded in 1989, taking a stake in the outfit and the creation of an employee ownership trust holding the shares for the benefit of all the partners.
A similar employee-owned model is also used by John Lewis, Arup, Make Architects and the same set-up was also recently adopted by Stride Treglown (see AJ 29.01.15).
Practice founder Alan Davidson said: ‘I am delighted for everyone at Hayes Davidson. This change reinforces the truly collaborative nature of a professional architectural visualisation studio.
He added: ‘Employee ownership reflects many of the important values already held at Hayes Davidson; of partnership, transparency and mutual support. A plan over a year in the making, we are indebted to friends and advisors in the EO and architecture sectors who have helped us make this transition.”
Commenting on the Hayes Davidson changes, Ken Shuttleworth of Make architects said: ‘I am very happy to hear that Hayes Davidson has become employee-owned. As pioneers in their field, this is a very positive and progressive change that Hayes Davidson is making. [We] found significant benefits from the greater engagement, transparency and collaboration that shared ownership brings.’