All Employee ownership articles – Page 5
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ArticleKavitha's keynote: Acknowledging employees’ hard work
This week, we’ve reported on some of the rewards employers have given to staff to acknowledge their hard work throughout the year.Toymaker Lego, for example, offered its 20,000 employees around the world three extra days of holiday on top of their annual allowance, as well as a bonus in April ...
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ArticlePets at Home staff to share £11.7m payout
More than 500 employees at Pets at Home are set to receive a share of a potential £11.7 milllion payout from the firm's sharesave scheme.Members of staff were able purchase Pets at Home shares at a fixed price of just over 94p when the initiative launched in 2018; as at ...
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ArticleDavison Fencing becomes employee owned
Bradford, Yorkshire-based Davison Fencing has become employee-owned by setting up an employee ownership trust (EOT).Established more than 30 years ago, the business provides fencing for the construction, housing, education, sports and recreational industries. The EOT structure offers its 30 members of staff a vested interest in its future success, while ...
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ArticleIOD Parc becomes employee owned
Sheffield-based International Organisation Development (IOD Parc) has become employee owned after establishing an employee ownership trust (EOT).IOD Parc, a management and international development consultancy with 38 members of staff based in the UK, Nepal, Australia and France, transferred ownership from two majority shareholders and a number of minority shareholders to ...
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ArticleWee Blue Coo becomes employee owned
Print and design firm Wee Blue Coo based in Edinburgh, UK has become an employee owned business to reward employees following their hard work during the global Covid-19 (Coronavirus) pandemic.Owners Bob and Joelle Fitzpatrick started the business 15 years ago and employ 30 members of staff, some of whom have ...
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ArticleClegg Group sells majority stake to employee trust
A total of three of Nottingham, UK-based contractor Clegg Group’s main shareholders have sold a 51% stake in the business to an employee ownership trust.The group, which also has offices in Leeds and Cambridge, comprises trading subsidiaries Clegg Construction and Clegg Food Projects, the latter of which specialises in the ...
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ArticleTalbots Law becomes employee owned
West Midlands-based law firm Talbots Law has become employee owned after setting up an employee ownership trust (EOT) this month (November).Former CEO and main shareholder Mary Morgan decided to sell the majority of her shares to a newly-formed trust to build on the firm’s recent growth. She wanted to protect ...
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ArticleReid and Fraser becomes employee owned
Scotland-based accountancy firm Reid and Fraser has become employee owned by establishing an employee ownership trust (EOT) as of this month (November).Established in 1915, the accountancy firm has offices in both Thurso and Wick. All of its shares have now been placed into an EOT, which will allow all 17 ...
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ArticleEmployees now own Leeds-based JF Plastics
Leeds-based JF Plastics has transferred the majority of its shares to an employee ownership trust (EOT), allowing its workforce to have a stake in the company’s success.The business, which was founded in the early 1980s, makes a £4 million turnover by manufacturing a range of pipe bends for carrying cables ...
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ArticleThe top 10 most-read articles between 22 October – 28 October 2021
The top 10 most-read stories on employeebenefits.co.uk between 22 October – 28 October 2021 were: RSA commits to becoming menopause friendlyBudget 2021: Pay rises announcedCoventry Building Society supports staff wellbeing on returnHow can employers support the work-life balance of staff on their return to the workplace?Zurich UK sees 300,000 paternity ...
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ArticleGo Ape now owned by its employees
Outdoor adventure company Go Ape has transferred the majority of shares in the business to an employee ownership trust, allowing its workforce to have a stake in the company’s success. Ninety per cent of Go Ape shares have been handed over to staff, with the remaining 10% ...
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ArticleSTB Graphic Designers becomes employee owned
Leicester, UK-based design business STB Graphic Designers has become employee owned after establishing an employee ownership trust (EOT) this month (October).The organisation, which was originally named Stocks Taylor Benson after being launched by Glenn Taylor, Dean Stocks and John Benson in 1988, has worked with Avon, Aldi, Next, Black and ...
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ArticleLords Group gives staff 2,105 shares
Building materials distributer Lords Group has announced it will hand out 2,105 shares to each one of its 485 employees following its stock market listing earlier this year.The specialist building, plumbing, heating and DIY goods distributing group, which listed on London’s AIM market in July at 95 pence per share ...
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ArticleGround Construction becomes employee owned
Welwyn Garden City, UK-based groundworks and concrete business Ground Construction Group has established an employee ownership trust (EOT) for its more than 100 members of staff.Group founder Trevor Diviney transferred all the shares he previously owned at full market value to the EOT, making the transaction exempt from capital gains ...
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ArticlePandemic prompts employees to invest in shares
The Covid-19 (Coronavirus) pandemic has triggered record levels of staff investing in shares through Save As You Earn (SAYE) and Share Incentive Plans (SIP), according to the latest research by employee share ownership watchdog ProShare.The organisation's SAYE & SIP report 2020 revealed that those participating in these schemes are on ...
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ArticleICS2 Cables becomes employee owned
Dundee, UK-based cable manufacturing business ICS2 Cables has announced that it has become employee owned through an employee ownership trust (EOT).The organisation, which was established in 2002, specialises in subsea, 5G telecoms, access control, automotive and industrial sector solutions.According to co-owners Paul Munro, Ian Johnston and Jeff Smith, they decided ...
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ArticleDXW becomes employee owned
DXW, an agency that designs, builds and runs digital public services, has announced that it has become employee owned after an employee ownership trust (EOT) acquired a majority of its shares on behalf of staff.According to the business, which employs 80 people across its Leeds and London offices as well ...
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Supplier article5 key considerations when implementing a global Reward and Recognition Scheme
With the surge of multiple technologies making the world smaller than ever before, it’s become easier for businesses to operate on a global level with many of its processes and structures being streamlined. Xexec, being a leader in the Reward and Recognition industry, knows first handed that there’s an increasing ...
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ArticleLDA Design becomes employee owned
LDA Design, a consultancy of designers and architects, has become a 100% employee-owned business through an employee ownership trust (EOT) to maintain its long-term independence.According to the organisation, which has been working towards employee ownership for a number of years, the transition has enabled it to put in place new ...
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Supplier articleThe rise of the ‘green’ Car Scheme
The UN’s recent IPCC report stated ‘human activity is changing the climate in unprecedented and sometimes irreversible ways.’Whilst the importance of caring for the environment has long been known, the increasing urgency is concerning. It’s up to everyone to do their part if we are to create a more sustainable ...