Optimum becomes Employee Ownership Trust

Paul Bailey presents a team member with their ownership pack

Optimum Coatings, the complex ophthalmic lenses and lens coatings specialist based in White Lund, Morecambe, has become an Employee Ownership Trust (EOT) company.

The transition to an EOT model means that team members who have driven Optimum’s success now hold a genuine stake in the business.

“We’re empowering our employees by giving them ownership,” said Optimum directors, Paul Bailey and Mark Marland. “Our team is hard working, committed and leaders in their field, and now they are owners of Optimum too.”

“The transition to an EOT provides employees with heightened job security,” continued Mark. “As stakeholders, they play a pivotal role in the company’s decision-making process, strengthening the company’s resilience in the face of economic challenges.

“The EOT model also paves the way for increased investment in the business, driving innovation and development. This enhanced financial stability ensures that Optimum can continue to serve its clients reliably while also investing back into the Morecambe community.”

Paul added: “We’re not just building a successful business; we’re creating a legacy of prosperity for our employees and our community. Our transition to an EOT is a testament to the potential that lies within Morecambe, and we’re excited to be part of this positive narrative.”