AN Aberdeenshire energy services company has marked its third anniversary by giving almost half of the company to its employees.
Westhill-based Vulcan Completion Products (VCP) has launched an Enterprise Management Incentive (EMI) to give its employees shares in the company.
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As well as including current members of staff in the UK and overseas, the VCP project has one eye on the future and includes shares which have been set aside for the additional members of staff who are expected to join the ranks as the company continues its ambitious growth plans.
In spite of ongoing economic challenges posed by the Covid-19 pandemic, the company has experienced a sharp upturn in business during the last few months with international markets in particular showing encouraging signs.
Ian Kirk, VCP founder, said: “The ongoing Covid-19 pandemic is a stark reminder of how important it is to look after people so the time is absolutely correct to put this in place.
“Between us, the VCP team has more than 200 years of combined expertise and the model of the business very much centres around celebrating and capitalising on that level of knowledge and experience, rather than being driven by volume.
“Employees are the heart and fabric of the company and it’s crucial that they feel part of its evolution through the unique outlook this set-up gives them.
“Creating this co-operative environment undoubtedly brings people together in a fair and transparent way which correctly rewards loyalty and works hard to hold on to good people as we grow together.”
Mark Dundee, who has worked with Ian for the past 20 years, added: “Ian has always been a great mentor and this gesture reinforces the importance of having a truly committed team in place.
“We are a small band which is currently achieving so much, and it’s fantastic to be rewarded in this manner. It’s a very exciting time to be part of the company and we look forward to the challenges ahead.”
