£5.2-million CMC business given to its employees
The world-renowned restoration and Jaguar specialist Classic Motor Cars (CMC) ol Bridgnorth, Shropshire, has been given to its staff by the company’s owner.
Peter Neumark, who has owned the company since its inception in 1993, said: ‘I’m nearer 70 than 60, and Nick Goldthorp, who lounded this great business with me and has been largely responsible lor where we are today, is now approaching retirement age, so we lelt we had a duty to oversee a passing ol responsibility. Who better than the worklorce themselves?’
CMC, which turned over £5.2 million last year, is now an Employee Ownership Trust, set up lor the benefit ol the 60 staff. More on www.classic-motor-cars.co.uk.
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