All Employee ownership articles – Page 6
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ArticleBuckingham Group Contracting becomes employee owned
Buckingham Group Contracting has become employee owned after setting up an employee ownership trust (EOT).The directors of the business transferred 100% of their equity into the Buckingham Group EOT, which will always retain a minimum 60% equity in the firm, allowing for future issue of growth shares. A £1,000 tax-free ...
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ArticleMicrotech Group becomes employee owned
Microtech Group, a Scottish IT service business that supports NHS Scotland and blue-chip clients, has become employee owned by establishing an employee ownership trust (EOT).According to Chris McMail, managing director of Microtech, he turned down various multimillion pound offers from companies from around the world, which would have included relocating ...
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ArticleWhite Ink Architects becomes employee owned
White Ink Architects has announced that it has become an employee-owned company through an employee ownership trust (EOT).The business is one of the first Northern Ireland-based consultancies to adapt to employee ownership through an EOT, with the three founders stating the decision will “preserve the independent spirit of the practice”, ...
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Supplier articleClimate Emergency: What HR Can Do to Help and Why?
We are all aware of just how serious the climate emergency is and has been for several years. However, after the release of the IPCC (Intergovernmental Panel on Climate Change) report on August 9th (2021), the challenges we face have become that little more real. To summarise, the report states ...
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ArticleLebus Upholstery and Furniture becomes employee owned
Lincolnshire-based manufacturer Lebus Upholstery and Furniture has announced that it has become employee owned.The shareholders decided to sell 100% of their shares to employees in order to secure jobs and protect the organisation's long-term future, with an employee ownership trust (EOT) taking control with immediate effect.According to the company, the ...
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ArticleCEOs earned 86 times median wage in 2020
The median-earning FTSE 100 chief executive was paid £2.69 million in 2020, 86 times the median wage of a full-time worker in the UK, according to analysis by the High Pay Centre.The highest paid was AstraZeneca CEO Pascal Soriot, who earned £14.45 million for his part in successfully delivering a ...
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ArticleAUS becomes employee owned
AUS, the family-run Huddersfield-based manufacturer and distributor of operational and safety-critical products for the rail sector, has announced it has become employee owned.The business, which employs around 60 members of staff and is run by founder Simon Gibson, has moved to an employee ownership trust (EOT) after Gibson sold 70% ...
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ArticleOakwood Corporate Services becomes employee owned
Altrincham, Cheshire-based professional services advisory business Oakwood Corporate Services has become employee owned after forming an employee ownership trust (EOT).Founded in 2009 by Michael Harris and Muriel Thorne, the company, which has 31 employees, has established itself as a provider of secretarial, formation and compliance services. It works with listed ...
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ArticleLisle Design becomes employee owned
Digital tachograph download tool developer Lisle Design has become staff-owned after establishing an employee ownership trust (EOT).It means the St. Andrews, UK-based business, which was set up by managing director Mike Lisle in 2002 and counts German companies Continental and ZF Group among its client base, became the ninety-ninth Scottish ...
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Supplier articleFive Ways to Keep Employees Engaged During the Summer
It’s not news that employee engagement takes a fall during the summer months. Forbes magazine states that workplace productivity drops 20%, and projects take 13% longer to complete. However, there are many ways you can avoid this drop in efficiency within the workplace.So how can companies encourage employee engagement from ...
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ArticleMilk and Honey becomes employee owned
PR agency Milk and Honey has become majority employee owned after transferring 55% of its shares to an employee ownership trust (EOT).This has resulted in 52% of the agency’s 27 members of staff becoming co-owners, qualifying as such after just 12 months in their roles. They can also benefit financially ...
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ArticleGames Workshop gives staff £5,000 bonus each
Warhammer retailer Games Workshop has announced it will award its shop workers, model makers, designers and support staff a £5,000 bonus each.The Nottingham, UK-based business, which sells fantasy gaming equipment and Lord of the Rings figurines, said its 2,600 workers would split a £10.6 million special bonus on top of ...
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ArticleTarget Components to become employee owned
UK distributor for computer retailers Target Components has planned to become an employee-owned business to protect its staff from potential acquisition approaches.The West Yorkshire-based firm will adopt an employee ownership trust (EOT) model, in which 70 members of staff are the majority owners of the business. Target’s existing shareholders, managing ...
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AnalysisHow can share schemes help employees build financial resilience?
Need to know:Employee share schemes can be successful savings vehicles for staff.Take-up of share schemes depends in part on how well they are promoted; the current trend is to make communication as tailored as possible.Involving staff in pushing schemes and showing previous outcomes can be effective.The research, A stake in ...
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Case StudiesSage raises awareness of share schemes among staff to increase participation
Accounting software firm Sage set up a global share option plan in 2017, based on the design of the UK’s sharesave scheme. Employees can put up to £500 a month into a savings account with the option of buying shares at a discounted price, set at launch, in three years’ ...
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OpinionNigel Watson: Investing in share schemes
Financial resilience has been defined as the ability to cope financially when faced with a sudden fall in income or unavoidable rise in expenditure. Being financially resilient does not mean having lots of money, it means having a strategy or a plan for coping with whatever life throws at you.Interestingly, ...
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ArticleKingsland Drinks becomes partially employee owned
Kingsland Drinks Group, including Kingsland Drinks and newly established Ten Locks, has become partially employee owned.After a period of “careful consideration and planning”, the company's owners agreed to restructure the ownership model after reviewing all the potential options. They concluded the best outcome was to sell a majority of the ...
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ArticleCurtins becomes employee owned
Liverpool-based environment consultancy Curtins has announced it has become employee owned to enable its staff to greater influence decision making.The organisation's former share ownership scheme, where employees owned 25% of the business, was first introduced in 2002 after chief executive Rob Melling joined the board of directors. It allowed people ...
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ArticleWinch Design becomes employee owned
Winch Design, a design studio for the yachting, aviation and architecture sectors, has become fully employee owned.The new employee ownership trust (EOT), which is now the sole shareholder of the business, was established in line with its ethos of placing the highest value on its staff, with their “loyalty, talent ...
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ArticleAxle Haulage becomes employee owned
Trucking company Axle Haulage has become employee owned, with the new employee ownership trust (EOT) owning the majority of the business.Former majority stakeholder Barry Jordan will remain chairman of the Dunstable-based firm, which specialises in civil engineering, construction and railway industries transport, and has operating licences for a fleet of ...