CPC Project Services LLP, a prominent quantity surveyor and construction project management firm, has completed its transition to an employee ownership trust, now operating as CPC Project Services Ltd. The company, established in London in 2011, reported a turnover of £29m for the year ending 31 July 2022, with a pre-tax profit of £5m.

Under the new ownership structure, the company will continue to be led by Steve Mole, previously the managing partner, who now serves as chief executive, alongside a board of partners and a board of trustees representing the employees. The transition has been in planning for several months, aiming to secure the firm’s independence and enhance its agility as a consultancy in project and cost management.

CPC Project Services Ltd is known for its involvement in major projects such as the Transport for London’s £5.4bn Four Lines signalling modernisation programme and the Points Cross housing regeneration programme in Leeds, in collaboration with Mace and the Guinness Partnership.

Steve Mole expressed enthusiasm about the new business model, emphasizing that the shift to employee ownership was designed to align closely with the interests of both the firm’s employees and its clients.