News
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ArticleMontresor Legal Recruitment transitions to employee ownership
London-based Montresor Legal Recruitment has transitioned to employee ownership by establishing an employee ownership trust.
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ArticleDafydd Hardy Estate Agents becomes employee-owned
Dafydd Hardy Estate Agents has introduced an employee ownership trust structure as part of its commitment to its team, clients and communities it serves across North Wales.
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ArticleEPM Solutions transitions to employee ownership
Engineering firm EPM Solutions has transitioned to an employee ownership trust (EOT) as part of a commitment to empower its dedicated workforce.
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ArticleEastern Transport Holdings becomes employee-owned
Source: Shutterstock / 1108927934 Eastern Transport Holdings, the parent organisation of Stephensons of Essex and NIBS Buses, has been sold to an employee ownership trust. The organisation, which operates 140 buses in Cambridgeshire, Suffolk and Essex, employs 200 members of staff and has a current turnover of ...
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ArticleAutumn Budget 2024: Changes to employer share incentive plan notice relating to statutory neonatal care pay
Autumn Budget 2024: Employers will have to change the notice they must give to an employee regarding possible deductions from their salary in relation to a share incentive plan (Sip). A minor change to the Income Tax (Earnings and Pensions) Act 2003 and the Employee Share Ownership ...
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ArticleBoosst transitions to employee ownership trust
Financial planning firm Boosst has transitioned to an employee ownership trust (EOT) in order to ensure its long-term independence and commitment to its clients and employees. Owners Keith and Linda Butten, and managing director Josh Butten, have transferred 100% of their shares to the EOT and have ...
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ArticleSapphire rewards contractors with employee ownership bonuses
Source: From Sapphire Manchester-based contracting and accounting firm Sapphire is to distribute employee ownership bonuses worth £350,000 to its umbrella contractors. The total will be awarded to contractors who have worked for the firm for more than a year, as part of its commitment to rewarding the ...
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ArticleLVMH launches international employee share plan
Source: LVMH Group Luxury goods brand Moët Hennessy Louis Vuitton (LVMH) has launched an employee share plan for 70% of its global workforce. The scheme, LVMH Shares, will run in 11 locations in Europe, North America and Asia. Eligible employees will receive a matching contribution of shares. ...
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ArticleJoss Search moves to employee ownership trust
Specialist recruitment firm, Joss Search, has transferred to an employee ownership trust (EOT).
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ArticleParfetts awards employees 12% profit share bonus
Wholesaler Parfetts has awarded its employees a 12% profit share bonus following a record year for turnover. The employee-owned business operates depots in Aintree, Anfield, Birmingham, Halifax, Middlesbrough, Sheffield, Sommercoates and Stockport. All qualifying employees will receive the bonus in October. It is an increase from the ...
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ArticleGusto Group to become 100% employee owned
Manufacturing, construction and architecture business Gusto Group will transition to an employee ownership trust (EOT) as part of its goal of achieving shared success and fostering a culture of entrepreneurship.A total of 100% of the firm’s ownership will be transferred to an EOT on 31 March 2027 as part of ...
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ArticleTesco employees to share £30 million from share schemes
More than 20,000 Tesco employees are to share £30 million following the performance of its sharesave schemes.The staff are mainly those working in stores and distribution centres. As the schemes have now matured, they will share in a profit created by the growth of Tesco’s share price, which reached £3.06 ...
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ArticleThe Industry Club becomes 100% employee-owned
The Industry Club, a recruitment firm for the marketing and media sector, has transitioned to a 100% employee-owned business.The team of 10 will now co-own the organisation through an employee ownership trust. Melissa Smith, managing director and founder, will remain in the business and be part of the team until ...
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ArticleParfitt Cresswell establishes employee ownership trust
Law firm Parfitt Cresswell has become employee-owned after transferring a significant interest in the business to an employee ownership trust.Through the employee ownership trust, staff can attain an indirect beneficial interest in the business and can share in its success through the use of tax-free bonuses up to £3,600 per ...
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ArticleDelta awards 100,000 staff 10.4% of earnings through global profit share scheme
American airline Delta has awarded its more than 100,000 employees a payment worth 10.4% of their eligible earnings as part of its profit share scheme.The scheme, which was created to boost employee morale and cultivate a workplace of gratitude and teamwork, allows staff to receive their share of Delta’s 2023 ...
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ArticleBain and Gray becomes employee owned
Credit: Andrew Ogilvy PhotographyLondon-based executive support recruitment firm Bain and Gray has become an employee-owned firm by establishing an employee ownership trust (EOT).The EOT gives the organisation’s 20 employees a stake in the business, a greater say in how it is run and an annual share of its profits. Co-founders ...
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ArticleOptagon Group becomes employee owned
Credit: The Optagon GroupOptagon Group has become employee owned through an employee ownership trust model.Based in Coventry, Optagon owns and operates brands such as flat roofing materials specialist Rubber4Roofs, Roof Depot, SkyGuard and Kitbuildr. Its 50 employees now own the majority of the firm and have a meaningful stake in ...
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Article66% of full-time UK staff think contributory pensions are important
Two-thirds (66%) of full-time UK employees regard contributory pensions and savings as important, according to research by Employee Benefits Isle of Man.Its 2023 Non-salary benefits global survey, which polled more than 2,000 full time UK and expat workers in Singapore, Hong Kong, the United Arab Emirates (UAE) and South Africa, ...
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ArticleTrue Fostering becomes employee-owned
Fostering, social work and adoption agency True Fostering has become an employee owned after setting up an employee ownership trust (EOT) for its workforce.True Fostering, which operates under the Centre of Excellence in Child Trauma umbrella, made the decision to transition to an EOT structure to position it as a ...
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ArticleConfessions of a benefits manager: Candid helps allocate share award budgets
I do not normally get involved in the allocation of restricted shares. All I normally do is review the percentages offered against market data. Long-term incentives are naturally quite stable, so I only need look at them every couple of years. I have been dragged in this year because we ...