All Employee ownership articles – Page 4
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ArticleRobertson Bell bought by employee ownership trust
Public and not for profit sector recruitment agency Robertson Bell has been sold to an employee ownership trust (EOT).Founded by CEO Stuart Bell in 2007, the business’ move to sell to an EOT has been aimed at building a legacy for the employees who will be creating its future successes, ...
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Case StudiesMilk and Honey empowers staff through employee ownership
PR agency Milk and Honey was founded in 2017 by group CEO Kirsty Leighton. After starting life as a limited liability partnership, last year it converted to an employee ownership trust (EOT), which saw 52% of the agency’s 27 members of staff become co-owners.Leighton explains that this is a much ...
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AnalysisWhy should employers consider employee ownership as their next business move?
Need to know:Transitioning to an employee ownership trust (EOT) transfers control of a business to employees, while also giving tax incentives to the shareholders.There is also the opportunity to deliver an annual bonus that comes under the tax-free allowance, which is currently £3,600 per employee per year.Trustee board meetings will ...
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OpinionJames de le Vingne: Why should employers consider employee ownership?
When we talk about the why of becoming employee-owned, at the Employee Ownership Association (EOA) we often use the analogy ‘who washes a hire car’?There is a mental change that happens when you own something. It drives behaviours that relate to what needs to be done rather than what you ...
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ArticleKilmac adopts employee ownership
Scottish civil engineering contracting firm Kilmac has become employee owned, guaranteeing the future of 130 employees’ jobs.Based in Tayside with an annual turnover of £20 million, the business has been placed in an employee ownership trust (EOT) by its founders Athole McDonald and Richard Kilcullen.The overall process was supported by ...
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ArticleFitzgerald Contractors transfers ownership to staff
Credit: Fitzgerald Contractors LtdCivil engineering business Fitzgerald Contractors has transferred ownership to an employee-ownership trust (EOT).The organisation, which made a profit of more than £17.1 million in the year to March 2021, was a subsidiary of Thomas Vale Construction until it was acquired by managing director Nick Coley in 2013. ...
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OpinionElena Visser: The argument for giving employees growth shares
The benefits of giving employees a stake in the business by way of equity participation are well rehearsed.Often the decision comes down to a choice between allocating shares upfront, effectively making the employee a day-one shareholder, versus granting them a tax-efficient enterprise management incentive (or EMI) share option.Making employees a ...
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ArticleTerence O'Rourke becomes employee owned
The directors of Terence O’Rourke have handed ownership of the planning and design consultancy to its staff.The firm, which has offices in London, Birmingham and Bournemouth, established an employee ownership trust (EOT).Founded in 1985, Terence O’Rourke has remained in private ownership for more than 36 years, but its board wanted ...
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ArticleSSQ transitions to employee ownership
Legal search and recruitment consultancy SSQ has become an employee-owned business in a bid to provide long-term stability for its employees.All shares in the London-headquartered business, which has several international offices, have been sold to an employee ownership trust (EOT) for an undisclosed sum.SSQ said the move would enable all ...
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ArticleOrbis Partners becomes employee owned
Birmingham-based corporate finance business Orbis Partners has transitioned to employee ownership.The organisation was launched in 1999 when James Grenfell and Chris Gregory set up Invex Partners, before being sold to Kroll Inc in 2003. Joined by Gary Ecob and Shah Zaki, the business was re-acquired by Grenfell and Gregory in ...
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ArticleNewhall Publishing transfers ownership to staff
Marketing and communications agency Newhall Publishing has handed over ownership to staff as it marks its 60th year of business.The agency, which rebranded from a magazine publisher to multichannel content publisher in 2014 and has delivered campaigns for British Cycling, The Royal Windsor Horse Show, The Kennel Club, and The ...
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ArticleKidzcare becomes owned by staff
Ownership of Edinburgh-based childcare business Kidzcare has been handed to its 150 employees.All shares in the organisation - which operates four nurseries and six after-school clubs in the Scottish capital - have been placed into an employee ownership trust (EOT) by co-founder Anne-Marie Dunn.Dunn said she wanted to find an ...
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ArticleFamily Law Group transfers ownership to staff
Law firm Family Law Group has announced that it will transfer ownership to its staff in order to become an employee ownership trust (EOT).Three-quarters of the group, which currently has more than 130 employees across 10 offices, will now be owned by the EOT. All staff, regardless of seniority, will ...
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ArticleFormative Content moves to employee ownership
Formative Content has announced its transition to an employee ownership trust (EOT).The digital marketing and communications agency, founded by former television news executive Gay Flashman in 2014, said the move would enable its more than 70 workers to share in the future direction and success of the business.Formative develops external ...
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Case StudiesHighland Home Carers motivates staff with shares and bonus schemes
Operating across the Scottish highland region since 1994, Highland Home Carers (HHC) supports people living in their own homes with highly complex health and social care needs. It has a roster of more than 400 employees and has been an employee-owned organisation since 2004, rewarding staff with shares for working ...
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ArticleIson Harrison transitions to employee ownership
Yorkshire-based law firm Ison Harrison has become entirely owned by its employees after the three shareholder directors agreed to sell the business to an employee ownership trust (EOT).Ison Harrison, which has 16 offices throughout the region, was founded in 1978, and now employs more than 230 staff. Its directors decided ...
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ArticleClear Marketing completes employee ownership sale
Creative agency Clear Marketing has finalised its transition to employee ownership as founder Jim Smith steps down after nearly 20 years at the business.The organisation, which has offices in Manchester and Glasgow and was founded in 2002, brought forward the planned date of its sale following what it said were ...
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ArticleGreentech Sportsturf moves to employee ownership
Contractor Greentech Sportsturf, which specialises in the design, construction and renovation of sports surfaces, has established an employee ownership trust (EOT).All shares in the firm, which began in 1998 on the outskirts of Stirling, Scotland, and operates across the UK, have been transferred to the EOT to make its 14 ...
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ArticleZaha Hadid Architects establishes employee benefit trust
Zaha Hadid Architects (ZHA) has converted to an employee ownership model by establishing an employee benefit trust (EBT).According to the 42-year-old architecture business, which has 500 global members of staff and will not award shares out of the EBT to any individual employee, the new structure means it will have ...
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ArticleThe Folio Society sets up employee ownership trust
British publisher The Folio Society has announced it has been sold under the terms of an employee ownership trust (EOT), giving its 40 employees 100% ownership.According to the publisher, the move reflects its values and is an example of progressive sharing of power and profit in publishing. Its only beneficiaries ...