St. Modwen Properties PLC – Case Study

Background

St. Modwen Properties PLC is based in Birmingham. The company was created by the reverse takeover in April 1986 by Redman Heenan International PLC of Clarke St. Modwen. Part of Clarke Securities, a private house-building and construction group, Clarke St. Modwen was a commercial property development company.

The declared strategy of St. Modwen Properties PLC, which it has pursued continuously since 1986, is to balance a growing rent roll from the active management of secondary properties coupled with a strong imaginative development programme.

The decision

Now employing a staff of 250, St. Modwen Properties is keen to offer staff benefits that bring real value to the workforce whilst minimising the cost to the organisation. This ethos lay behind the company’s decision to implement a childcare voucher scheme.

Catherine Glover became aware of the new tax exemption on childcare vouchers through the regular updates she receives in her role as Personnel Administrator at St. Modwen Properties. Recognising the savings the vouchers would give working parents Catherine investigated the options available to St. Modwen Properties by contacting a number of voucher providers in the UK.

Realising that parents already had childcare arrangements in place, Catherine decided to choose the reliability of a voucher specialist to deliver the scheme. With a track record of over 30 years of delivering voucher solutions worldwide Sodexho Pass has the expertise that was needed to implement the Childcare Choice scheme in a seamless manner, giving full information about the scheme to both St. Modwen Properties and its staff in a clear and easy to understand format with ordering software and back up support provided.

Staff all use e-vouchers. Feedback about the electronic voucher scheme has been universally positive. Comments Catherine Glover, “Our staff are all very pleased with how easy it is to use the online system to pay their carers. Even those members of staff without children recognise the benefit of the tax and NI savings to our working parents”.