Innerva sets up trust and transitions to employee ownership

Innerva, designer and manufacturer of power-assisted exercise equipment, has transitioned to employee ownership through the creation of an Employee Ownership Trust. The trust will have a controlling interest in a company on behalf of all employees, enabling businesses to remain independent while ensuring employees share in the success they help create.

The trust will own the company for the benefit of all employees, who benefit collectively, rather than owning individual shares in the business.