North London civil engineering firm Galldris has become the latest contractor to transition to an Employee Ownership Trust (EOT).

Donal Gallagher and Sean O’Driscoll who founded the business in 1998 will remain involved in the day to day running of Galldris.

They said: “From our clients and stakeholders perspective, it is very much business as usual.”

Galldris added the move “will help ensure sustainable growth and adaptability in an ever-evolving industry.”

The firm said: “The establishment of the EOT allows employees to have a stake in the success of the company, promoting a sense of ownership and shared responsibility.

“This initiative aligns with Galldris’ core values of collaboration, innovation, and dedication to quality, enabling the workforce to contribute actively to the company’s strategic direction and growth.”

Latest results for Galldris for the year to March 2024 show the firm generated a strong pre-tax profit of £21m on revenue of £125m.