The UK is at a pivotal moment in energy, with ambitious government targets to achieve net zero carbon emissions by 2050. As climate change impacts worsen, more companies and nations are stepping up to lead the way. Reaching carbon neutrality in the energy sector will require innovative solutions, including renewable energy , energy storage, electric vehicles, and green hydrogen, rather than simply covering land with solar panels and wind turbines. With the UK’s electrical infrastructure over 60 years old, Powersystems is well-positioned to play a key role in helping the country achieve its net zero goals and power a carbon-free future.

‘To be the high voltage specialists of choice, working with our partners delivering quality safely and efficiently’

Who are our Partners?….

Powersystems UK Ltd was founded in 1977 by two specialist engineers from the Midlands Electricity Board, with a vision to provide high voltage electrical services. Initially serving local businesses like Lister Petter, Rolls Royce, and British Aerospace, the company became the first Independent Connection Provider (ICP) in 1997, allowing it to complete grid connections previously handled by Distribution Network Operators. Since then, Powersystems has grown into a leading supplier in the High Voltage and Renewable Energy industry.

Powersystems became an employee-owned business in 2019 when an Employee Ownership Trust (EOT) purchased the company from the founders.

A Trust is an arrangement where assets or shares are held by Trustees for the benefit of others, known as beneficiaries. In the case of an Employee Ownership Trust (EOT), the beneficiaries are the employees of the company. The Trustee for Powersystems’ EOT is Powersystems UK EOT Ltd, a non-trading company created to hold shares and manage Trustee appointments. The EOT holds at least 51% of the company’s shares, ensuring Powersystems remains employee-owned. The Trust Deed outlines how the Trustee must manage these shares for the benefit of all employees.

The administration of the Trust is managed by its directors, known as “The Trustee Directors,” who are responsible for overseeing the Trust’s affairs. They must make decisions with the best interests of Powersystems’ employees in mind. However, the Trust does not participate in the management of Powersystems UK Ltd., which is the responsibility of the company’s Directors.

The Trust is responsible for ensuring Powersystems UK Ltd operates in the best long-term interests of its partners and represents those who will benefit (i.e. the beneficiaries). Trustee Directors must only ever operate in the best interests for beneficiaries as a whole (i.e. the Employees).

Partners Charter

The transition of Powersystems into an employee-owned business provides the opportunity for every employee to embrace their future, realise their ambitions and achieve their goals.

This charter sets out the structure, governance and ownership of Powersystems UK Ltd as an employee-owned business for the benefit of all.

The Board of Directors at Powersystems UK Ltd. holds legal responsibility for managing the company’s business. Each Director must act in accordance with statutory duties under the Companies Acts, with the primary aim of promoting the company’s success for the benefit of its shareholders. In doing so, they must consider long-term outcomes, shareholder interests, business relationships, community and environmental impact, fairness among members, and maintaining high standards of business conduct. Directors are required to exercise independent judgement, reasonable care, skill, and diligence, while also adhering to their legal obligations and considering the principles of the Partners’ Charter and the views of the Employees’ Forum.

As the majority shareholder, the Trust board holds ultimate control over Powersystems UK Ltd., meaning certain decisions by the company’s Directors require the Trust’s consent, as outlined in the Companies Act and special consents detailed in Appendix 1. of the Partners Charter. The Trust board acts in the best interests of the Trust’s beneficiaries—current and future employees—ensuring the company’s success, which directly supports their employment.

The Trustee Directors have a fiduciary duty to act on behalf of the Trust’s beneficiaries, which includes six key legal responsibilities: exercising reasonable care, skill, and diligence; exercising independent judgement; and avoiding conflicts of interest. This involves understanding the company’s performance, protecting the value of the Trust’s shareholding, and holding the company’s board accountable for its operations. Importantly, the Trust does not manage the company; that responsibility lies with the Directors of Powersystems UK Ltd.

The Employee Forum is essential in strengthening the relationship between employees, the company, and the Trustee. It promotes emotional engagement, addresses issues affecting many employees, and serves as a platform for discussion and collaboration to enhance the company.

Roles and Responsibilities of the Employee Forum

Comprising nine elected members, the Forum focuses on:

Members gather feedback and ideas for improvement, ensuring the practical application of company values and fostering cooperation between employees, Directors, and Trustee Directors.

Duties of Employee Forum Members:

Powersystems UK Ltd. is an Employee-Owned Business and has a keen interest in the well-being of all its people. We will encourage and empower you to be imaginative, share great ideas and be involved in the success of the business.

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