The Belmont Packaging Employee Benefit Trust
This trust currently holds 15% of the equity of the company and receives that percentage of the company profits each year.
The purpose of the trust is to accumulate a fund that will provide the employees of Belmont with:
- An annual profit share.
- A hardship fund if ever required.
- Share options via the Management Enterprise scheme.
- Potentially a supplementary pension fund.
Capital held in the fund can be re-invested back into Belmont Packaging and at the present time the fund has purchased two machines that it rents to the company.