News – Page 4
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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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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 ...
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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 ...