{"id":344,"date":"2025-05-16T12:00:00","date_gmt":"2025-05-16T12:00:00","guid":{"rendered":"https:\/\/zohoobookings.com\/?p=344"},"modified":"2025-05-30T08:40:58","modified_gmt":"2025-05-30T08:40:58","slug":"sustainable-subsea-disruptor-shares-10-of-company-with-employees","status":"publish","type":"post","link":"https:\/\/zohoobookings.com\/index.php\/2025\/05\/16\/sustainable-subsea-disruptor-shares-10-of-company-with-employees\/","title":{"rendered":"Sustainable Subsea Disruptor Shares 10% of Company with Employees"},"content":{"rendered":"

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Legasea<\/a> Ltd, the subsea engineering firm specialising in circular economy applications for the energy sector, has implemented an Enterprise Management Incentive (EMI) scheme and increased its total share pool by 10%, with all new shares allocated for employee ownership. This initiative reinforces Legasea\u2019s commitment to both employee engagement and sustainable practices in the subsea sector.<\/p>\n

Since its establishment in 2018 by Managing Director, Lewis Sim, and Operations Director, Ray Milne, Legasea has grown from a two-person startup to a team of twenty-six, now supporting clients across twenty-five countries on six continents. The company\u2019s approach to subsea equipment reuse provides tangible benefits in cost reduction and environmental impact.<\/p>\n

. \"Two<\/p>\n

Legasea Founders \u2013 Lewis Sim \u2013 Managing Director (Left), Ray Milne \u2013 Operations Director (Right)<\/sup><\/em><\/sup><\/p>\n

\u201cOur team members are fundamental to our success and our sustainability mission,\u201d said Operations Director Ray Milne. \u201cThis ownership stake creates a direct link between their contributions and our overall performance. When we started this business after seeing good equipment being unnecessarily wasted, we wanted to build a company that genuinely valued both people and resources. The EMI scheme is a practical step toward that vision.\u201d<\/p>\n

For Legasea\u2019s employees, the scheme provides potential long-term financial benefits. As the company continues its planned growth trajectory\u2014with projections to increase staff numbers to thirty-five by end of 2026\u2014these share options represent a meaningful addition to the company\u2019s compensation structure.<\/p>\n

The EMI scheme complements several other employee initiatives implemented over the past year, including private medical care, enhanced pension benefits, salary sacrifice electric vehicles, and on-site EV charging facilities\u2014all aligned with Legasea\u2019s integrated approach to staff wellbeing and environmental responsibility.<\/p>\n

The environmental benefits of Legasea\u2019s operations are quantifiable: refurbishing a single Subsea Tree prevents approximately 82.4 tonnes of CO\u2082 emissions by eliminating the need for new steel production. With approximately 850 such trees installed in the UK North Sea alone, and more than 6,400 installed globally, this circular economy approach is reducing carbon emissions significantly across the sector. To date, Legasea has managed projects relating to over sixty decommissioned Subsea Production Systems, delivering both environmental benefits and practical advantages in terms of cost and lead-time for operators.<\/p>\n

\u201cThe energy sector is gradually adopting more circular economy principles,\u201d added Ray. \u201cOur clients are finding that responsible resource management and operational efficiency work together effectively when existing assets are properly evaluated and refurbished.\u201d<\/p>\n

The employee ownership model represents an important development in Legasea\u2019s ongoing growth\u2014from a Scottish startup founded by two colleagues concerned about industry waste to a global provider of sustainable subsea solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Legasea Ltd, the subsea engineering firm specialising in circular economy applications for the energy sector, has implemented an Enterprise Management Incentive (EMI) scheme and increased its total share pool by 10%, with all new shares allocated for employee ownership. This initiative reinforces Legasea\u2019s commitment to both employee engagement and sustainable practices in the subsea sector. […]<\/p>\n","protected":false},"author":1,"featured_media":346,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18],"tags":[],"_links":{"self":[{"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/posts\/344"}],"collection":[{"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/comments?post=344"}],"version-history":[{"count":2,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/posts\/344\/revisions"}],"predecessor-version":[{"id":347,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/posts\/344\/revisions\/347"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/media\/346"}],"wp:attachment":[{"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/media?parent=344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/categories?post=344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zohoobookings.com\/index.php\/wp-json\/wp\/v2\/tags?post=344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}