News – Page 5
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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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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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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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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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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 ...