Safedem secures successionPublished 21/11, 2019 at 15:05
Safedem has been a major employer in Dundee for many years and is now employee owned. Ownership by the Safedem workforce is a move designed to secure the business’s future and reward the long serving team, with William Sinclair remaining as managing director.
Mr Sinclair, a former president of both the National Federation of Demolition Contractors and the European Demolition Association, instigated the change in ownership structure to recognise and reward the contribution of the Safedem team, many of whom have been with the company for 20 years or more. Sinclair said of the change, “Truly successful businesses stand the test of time with careful succession planning and strategic thinking. I have always recognised the contribution of all the Safedem team towards the success of the business. The move to employee ownership will allow the business to develop and plan for the future and is due recognition of Safedem’s excellent employees.”
Founded in 1974, Safedem has been responsible for carrying out some of the largest, most complex and high profile demolition contracts ever undertaken in Scotland. These include large scale regeneration projects such as Anderston in Glasgow and Ardler in Dundee, as well as numerous complex explosive demolition projects across the country.
Safedem has been nominated 13 times at the World Demolition Awards, winning on eight occasions and being named World Demolition Contractor of the Year on two separate occasions. In addition, the company was the first winner of the Chartered Institute of Building (CIOB) specialist award which pitted Safedem against specialist contractors from across the construction spectrum. “All of these awards have been down to the hard work of the entire Safedem team. The move to employee ownership recognises that contribution and is a fitting reward for their loyalty and dedication.” William Sinclair concludes.