Classic Motor Cars Ltd, a classic car restoration company in England, has been given to the employees by its owner. The company employs more than sixty staff members and had revenue over £5.2 million last year.
Peter Neumark, who has owned and chaired the company since its inception in 1993, said, “I am nearer seventy than sixty and Nick Goldthorp, who founded this great business with me and has been largely responsible for where we are today, is now approaching retirement age, so we felt we had a duty to oversee a passing of responsibility, and who better than the workforce themselves.”
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