The move forms a key part of the succession planning strategy of shareholders Guy Leach and Huw Leach, who wanted to safeguard the future of the business while recognising the dedication, loyalty and contribution of the wider team. By becoming employee-owned, Knox & Wells has created a structure that protects its culture, rewards its people and enables employees to play a meaningful role in the future success of the business.

Employee ownership has become an increasingly popular succession solution for owner-managed businesses seeking to retain their independence, preserve their legacy and create long-term value for employees.

The transaction was led by Poonam Kaur, CEO of fds, a leading adviser on employee ownership and succession planning. Poonam commented: "It has been a privilege to support Knox & Wells on this significant milestone. The business has a proud heritage, an excellent reputation and, most importantly, a dedicated team that has played a vital role in its success.

We are proud to have worked alongside Guy, Huw and the wider team to deliver a transaction that protects what makes Knox & Wells special while positioning the business for continued growth and success."

Through its specialist corporate finance and succession planning expertise, fds supports business owners across the UK on trade sales, management buyouts, employee ownership transitions, company valuations and strategic growth planning, helping them achieve sustainable outcomes that reflect both their ambitions and their values.