NORTH-east IT provider ITWORX has announced its transition to employee ownership, with 17 staff given a stake in the business.
Established in 2010 by Philip Mowatt and Jill Ross, the firm headquartered in Aberdeen, last year turned over £2.6m.
As ITWORX approached its tenth birthday, Philip and Jill wanted to mark the milestone while looking ahead to the firm’s next chapter.
Jill explains: “Ten years into ITWORX’s journey, we were in a great position – financially stable with a solid client base and a skilled and dedicated team. Looking ahead to the next decade, we wanted to use this strong position to reinvent some aspects of the company that would bring about long-term benefits.
“We also hope the structure will help attract and retain new talent. Young talent is so important, especially in an ever-evolving industry like IT. There is a wide range of expertise at all ages and levels within the company that we listen to and learn from, and again, by giving the team a say in how the business is run, they know their skills and contributions are appreciated.
“Philip and I have no plans to step back from the business any time soon, and will continue in our roles as usual for the foreseeable future.
“We’re very excited about this milestone and what the future holds for ITWORX – hopefully it will continue to thrive for many more decades to come.”