News – Page 6
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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 ...
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ArticleAlliance Disposables becomes employee owned
Alliance Disposables, a supplier of catering disposables and equipment in both the UK and Ireland, has announced that it has become employee owned.The business, which employs approximately 600 people between its Crewe headquarters and 12 additional depots around the UK and Ireland, was formed in 1999 and was previously majority ...
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ArticleDJS Research becomes employee owned
Market research agency DJS Research has become an employee-owned business.Founded in 2001, the Stockport, UK-based organisation has established a new employee ownership trust (EOT), in which the 25 permanent staff members will own the majority of the business, securing its future independence.Directors Daniel and Ali Sims will remain with DJS ...
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ArticleC21 becomes employee owned
Manchester, UK-based creative communications and digital agency C21 has transitioned to become an employee-owned business.The company, which specialises in design, digital and video communications for clients across the UK and globally, announced that it has established an employee ownership trust (EOT) for its 20 staff members on Employee Ownership Day ...
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ArticleCoastal Recycling becomes employee owned
Exeter, UK based recycling and refuse collection services provider Coastal Recycling has announced its 140 employees are now the majority stakeholders in the business through an employee ownership trust (EOT).This means Coastal Recycling can maintain its independent status, enable its staff to receive a share of profits and a bonus ...
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ArticleJ&L Elevator Components becomes employee owned through trust
Elevator parts and equipment supplier J&L Elevator Components has announced its employees now have a controlling interest in the business through an employee ownership trust (EOT).This means the organisation can ensure succession planning, as well as directly rewarding the efforts and contributions of the staff, who will have continued job ...
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ArticleHedges Law becomes employee owned through trust
Oxford-based law firm Hedges Law has announced that its 40 employees have become part owners of the business through an employee ownership trust.This means all employees are eligible to become beneficiaries of the trust after six months of employment, with 10% of the organisation's distributable profits to be shared equally ...
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ArticleShare schemes found to boost wealth by up to £10,000
Staff who take advantage of share schemes could be better off to the tune of £10,000 compared to those who do not, according to new research.Data from the Social Market Foundation (SMF) revealed there is a distinct ‘wealth benefit’ of participating in share ownership schemes – and yet less than ...
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ArticleThe top 10 most-read articles between 15 April – 21 April 2021
The top 10 most-read stories on employeebenefits.co.uk between 15 April – 21 April 2021 were: What does the Pensions Schemes Act 2021 mean for workplace pensions?Facebook moots pay cut to work from homeMetro Bank team walks over 1,700 miles as part of wellbeing challengeSurrey Fire and Rescue Service rolls out ...
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ArticleEntain launches sharesave scheme to 22,500 staff
Global sports betting and entertainment group, Entain, which owns the Ladbrokes and Coral chains in the UK, has launched a group-wide employee share ownership plan.The sharesave plan gives all of its 22,500 employees globally a potential stake, and return on any profits made, in the business.Under the terms of the ...
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ArticleRubicon Recruitment Group becomes employee-owned
Rubicon Recruitment Group has become employee owned after transferring ownership of 100% of the business to an employee ownership trust (EOT) model.The change to the Dorset-based business, which has since rebranded itself as Rubicon People Partnership, means it is now completely owned by its 30 members of staff.According to Lloyd ...
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ArticleRoyal Mail workers set to receive share dividend
Tens of thousands of Royal Mail workers are set to receive a one-off 10p per share dividend after the delivery company announced adjusted operating profits rising to about £700 million in the year ending March 2021.The dividend – more than double what it was just two years ago and the ...
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ArticleOdey Asset Management loses incentives tax case
Hedge fund firm Odey Asset Management has lost its legal battle with HMRC in which it argued executives who were part of a partnership pay plan between 2011-12 and 2015-16 did not need to pay tax on their share options.The plan put 17 of its executives into a special purpose ...
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ArticleBrand Opus becomes employee owned
London-headquartered creative agency, Brand Opus, has announced it has transferred to employee-owned status, following it sale of founder shares to staff in the form of an employee ownership trust (EOT).As part of the deal, the agency, which consults on branding for the likes of Carling, Kraft Heinz, and Molson Coors, ...
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ArticleHLM Architects transitions to employee ownership trust
Camden-based HLM Architects and its subsidiary Llewelyn Davies have transferred to employee-owned status with immediate effect, following the firm's successful transition to an employee ownership trust (EOT).The business, which was last year named Architecture Practice of the Year in the Building Awards 2020, now has 100% of its shareholding held ...
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ArticleSynergy Vision becomes employee-owned
Medical communications company Synergy Vision has become employee-owed, after transferring itself over to the Employee Ownership Trust (EOT).The business – which became well known for introducing a four-day week in 2018 – officially became employee-owned yesterday (2 March), after founder Ffyona Dawber signed the remaining papers transferring 87.5% of the ...
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ArticleClifford Devlin launches employee ownership trust
Demolition firm Clifford Devlin has announced it has become employee owned, after 100% of company shares were transferred into an Employee Ownership Trust (EOT).The interests of the London-based business, run by the second generation of founders, will now be looked after by the EOT.The company, which celebrates its 60th anniversary ...