All Share schemes articles – Page 4
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ArticleMinehead Medical Centre moves to employee ownership
NHS GP practice Minehead Medical Centre in Somerset has become 98% owned by an employee ownership trust (EOT).According to the practice, being an employee-owned entity allows its 50 members of staff to have a say in how the practice is run without needing to invest their own money. All profits ...
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AnalysisHow employee share schemes can be used to attract and retain talent
Need to knowFinancial gain aligned to the success and growth of an organisation supports medium- and long-term motivation and retention.Employers should keep communications clear, but simple. Employees will need to understand the personal monetary value of a share scheme before making the decision to sign up.Share schemes should be part ...
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Case StudiesPetroplan launches enterprise management incentive to drive engagement
In April 2022, global talent acquisition specialist Petroplan Group launched an enterprise management incentive (EMI) scheme in the UK, with an equivalent share option scheme for its non-UK offices, giving its 80-strong workforce an opportunity to build an ownership stake in the business.The move is designed to help drive productivity, ...
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ArticlePeloton offers staff one-off cash bonus and stock options
Credit: nyker / Shutterstock.comExercise equipment business Peloton has offered its US employees either a one-off cash bonus or stock compensation changes in a bid to retain its workforce, according to internal memos.As of 1 July, its hourly workers are eligible for a one-time cash bonus to be paid before the ...
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ArticleGreat Cornish Food Store becomes part employee-owned
Retail and hospitality business Great Cornish Food Store has become part employee-owned as it celebrates its sixth anniversary this week.According to the food retailer, which is based in Truro, Cornwall and shares its premises with a major supermarket, the move means that its 24 members of staff will part-own the ...
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ArticleWalr launches phantom stock plan for all staff
Data creation platform business Walr has introduced an employee phantom stock plan, or shadow options scheme, for its 70 employees.The scheme is available to all employees, no matter their seniority, and will allow them to participate in the business’ future success in the form of financial reward, by simulating stock ...
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ArticleEvolve Family Law transitions to employee ownership
North west England-based law firm Evolve Family Law has become an employee-owned business in order to preserve its future independence.The business, which was established in 2015 by founding directors Robin Charrot and Louise Halford (pictured) and has offices in Holmes Chapel and Whitefield, is now 100% owned by a newly ...
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ArticleProtech transitions to employee ownership
Hemel Hempstead-based recruitment firm Protech has transitioned to employee ownership, transferring 100% of shares to an employee ownership trust (EOT) for its 14 employees.Protech managing director Antony Cox, who bought the business in 2003 as part of a merger, owned 60% and director Roman Motyczak owned the remaining 40%. According ...
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ArticleMelin Tregwynt marks 110 years with employee ownership deal
Pembrokeshire-based woollen mill and shop Melin Tregwynt has marked its 110th anniversary by transitioning to an employee ownership trust (EOT).Current owners Eifion and Amanda Griffiths have handed over ownership to their 42 employees, though they plan to remain in the business on a part-time basis.By giving all employees a stake ...
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ArticleRobertson Bell bought by employee ownership trust
Public and not for profit sector recruitment agency Robertson Bell has been sold to an employee ownership trust (EOT).Founded by CEO Stuart Bell in 2007, the business’ move to sell to an EOT has been aimed at building a legacy for the employees who will be creating its future successes, ...
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Case StudiesMilk and Honey empowers staff through employee ownership
PR agency Milk and Honey was founded in 2017 by group CEO Kirsty Leighton. After starting life as a limited liability partnership, last year it converted to an employee ownership trust (EOT), which saw 52% of the agency’s 27 members of staff become co-owners.Leighton explains that this is a much ...
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AnalysisWhy should employers consider employee ownership as their next business move?
Need to know:Transitioning to an employee ownership trust (EOT) transfers control of a business to employees, while also giving tax incentives to the shareholders.There is also the opportunity to deliver an annual bonus that comes under the tax-free allowance, which is currently £3,600 per employee per year.Trustee board meetings will ...
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OpinionJames de le Vingne: Why should employers consider employee ownership?
When we talk about the why of becoming employee-owned, at the Employee Ownership Association (EOA) we often use the analogy ‘who washes a hire car’?There is a mental change that happens when you own something. It drives behaviours that relate to what needs to be done rather than what you ...
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ArticleKilmac adopts employee ownership
Scottish civil engineering contracting firm Kilmac has become employee owned, guaranteeing the future of 130 employees’ jobs.Based in Tayside with an annual turnover of £20 million, the business has been placed in an employee ownership trust (EOT) by its founders Athole McDonald and Richard Kilcullen.The overall process was supported by ...
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ArticleFitzgerald Contractors transfers ownership to staff
Credit: Fitzgerald Contractors LtdCivil engineering business Fitzgerald Contractors has transferred ownership to an employee-ownership trust (EOT).The organisation, which made a profit of more than £17.1 million in the year to March 2021, was a subsidiary of Thomas Vale Construction until it was acquired by managing director Nick Coley in 2013. ...
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OpinionElena Visser: The argument for giving employees growth shares
The benefits of giving employees a stake in the business by way of equity participation are well rehearsed.Often the decision comes down to a choice between allocating shares upfront, effectively making the employee a day-one shareholder, versus granting them a tax-efficient enterprise management incentive (or EMI) share option.Making employees a ...
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ArticleTerence O'Rourke becomes employee owned
The directors of Terence O’Rourke have handed ownership of the planning and design consultancy to its staff.The firm, which has offices in London, Birmingham and Bournemouth, established an employee ownership trust (EOT).Founded in 1985, Terence O’Rourke has remained in private ownership for more than 36 years, but its board wanted ...
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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 ...