18 results for year: 2017


Lecture inspires the quest for a ‘new normal’ of businesses doing well while doing good

More than 190 people gathered last week for the annual Robert Oakeshott Lecture, in which Sacha Romanovitch, CEO of Grant Thornton LLP, inspired the audience with her lecture on why the world was ready for a 'new normal'. In the prestigious surroundings of the ICAEWs Chartered Accountants Hall, Sacha shared her journey so far leading Grant Thornton’s move to shared enterprise and its purpose of shaping a Vibrant Economy, which focuses on restoring trust and integrity in business, unlocking the potential for dynamic business to grow and creating environments where business and people thrive. Attendees heard how Sacha’s journey is not an easy ...

Events update: Lecture, Summer Dinner, Conference and Awards

The EOA Summer Dinner is now fully booked, with 150 of our members reserving a place. A wait list is now in operation. The event, this year sponsored by Mott McDonald, the UK’s largest employee-owned global engineering, management and development consultancy, will once again be held in the impressive surroundings of the Members' Dining Room at the Palace of Westminster on the 8th of June. Pre-dinner drinks will be very kindly sponsored for the fifth year by MyCSP, the leading employee owned civil service pensions administrator. This year the guest gift will be sponsored by Postlethwaite, an employee-owned firm of UK solicitors focusing on ...

March: member transitions, milestones and successes

In this month’s EO Today we are able to celebrate three transitions, four employee ownership birthdays and a success story that congratulates employee engagement in an employee owned business. Transitions TensCare, which provides, develops and distributes tens machines for pain relief or muscle rehabilitation and employs a team of 17, transitioned on March 1 and heralded the news on it’s website as a “a positive alternative to more traditional ownership models and offers real advantages to both the employees and the prosperity of the business”. Ethos Imaging, which employees 5 people and provides print office equipment and software, ...

Welcome to new members

We’d like to thank our member Unity Trust Bank, which has become a Trustee member of the EOA for this additional level of support. Unity supports organisations and businesses that aim to create community, social or environmental benefit in a financially sustainable way. We’d also like to say welcome to Tens Care, The Biodiversity Consultancy Ltd, The Enterprise Tax Centre, Tithegrove Limited, Bright Ascension Ltd, Perrett Laver Ltd and Collective Architecture Limited who add to our membership’s huge array of sectors and specialisms. TensCare, is Europe’s largest distributor of TENS machines worldwide and also provides electro muscle ...

Member spotlight: BMT

BMT is an international design, engineering and risk management consultancy, working principally in the defence, energy, environment, marine risk & insurance and ports & logistics sectors. Formed in 1985 from the merger of the UK’s British Ship Research Association and National Maritime Institute, the company is at work on projects in 35 countries - from one of the world’s biggest coal ports in Australia to ice breakers in the Caspian Sea. The Royal Navy’s future aircraft carrier is a BMT design and the company is the world’s leading independent expert in submarine design and development.  Some of the world’s most iconic ...

CEO Blog: Employee ownership is the real deal

The new narrative of ‘post truth’, ‘fake news’ and ‘alternative facts’ should not be viewed as simply a harmless evolution of modern vocabulary. These new phrases are seeping into society and are gradually starting to undermine public trust; in everything from the business of news reporting, the opinions of experts, the role of politicians and even the decisions of the judiciary. In a world of social media, instant communication and Presidential tweets, the impact of this new narrative is hugely concerning, as a society without trust is a broken society. So it is reassuring to know that there is a counter balance to this phenomenon...

Come together to celebrate the 5th EO Day

Employee owners and those interested in employee ownership are being urged to make some noise for the 5th national Employee Ownership Day. The Employee Ownership Association (EOA) and EO Day 2017 sponsor Cambridge Weight Plan are urging employee owned businesses and their employees to celebrate their ownership structures as part of raising awareness of the economic benefits of employee ownership. EO Day 2017 will take place on Friday 30 June and is the opportunity for employee owned businesses to join forces to celebrate their ownership and their  business triumphs over the past year. As the UK faces continued economic uncertainty, employee ...

EOA welcomes Lush employee ownership announcement

The Employee Ownership Association (EOA) welcomes the news that the high-street retailer Lush will bring an element of employee ownership to its business, after setting up an Employee Benefit Trust for its staff members. As a lobbying organisation that aims to grow the size and economic impact of the employee ownership sector, the EOA applauds Lush’s success at the same time as positioning its business as a force for good, which contributes to the government’s objectives for a more productive, fairer society and an economy that works for all. Deb Oxley, CEO of the EOA, said: “We welcome the news that Lush is to bring an element of ...

We can do better; shining a light on corporate governance in employee owned businesses

In inviting responses to the Corporate Governance Reform Green Paper, government has reignited an important debate to consider the impact of the current structures of corporate governance of the UK’s listed or quoted businesses on society and the economy. At a time when trust in many of the UK’s biggest and most important institutions is at rock bottom, the economy is experiencing uncertain times, and with an urgent need to maintain consumer confidence, the publishing of this Green Paper opens up a much-needed dialogue about how business can do better. Ask any of the people you know best, your family, friends, neighbours and colleagues, what ...

EOA Corporate Governance Reform response shines light on fairer ways of doing business

Responding to the Government’s Corporate Governance Reform Green Paper, the EOA has shone a light on the outstanding examples of corporate governance from within the employee ownership sector. The EOA’s response includes evidence from employee owned organisations from a range of sizes and sectors including professional services, manufacturing, retail and distribution and health and social care. The response demonstrates a high level of positive examples of where employee owned businesses are structured to have the cultural norms relating to the transparency and checks and balances of executive pay and pay ratios and of how employee voice is ...

EOA is recruiting for new Membership Council

The EOA is now recruiting to its new Membership Council. The opportunity to join the council is open to representatives from across the EOA’s membership including affiliate, supporter, partner and trustee members. The 15 successful candidates will contribute to the development of the EOA member proposition in making sure it is in line with members’ needs and wishes. The EOA is now seeking nominations for this from suitable candidates who have to be employees of current EOA member companies. The council will be chaired by EOA Board Director, Arup’s Head of Group Management Services Alden Whittaker-Brown of Arup. Deb Oxley, CEO of ...

Sacha Romanovitch to give Robert Oakeshott lecture

The EOA is delighted to announce that Sacha Romanovitch, CEO of EOA Supporter Member Grant Thornton UK LLP, is to deliver this year’s Robert Oakeshott Lecture exploring the theme of the ‘potential to do well while doing good’ in business. Sacha is leading Grant Thornton in its purpose of shaping a Vibrant Economy, which focuses on restoring trust and integrity in business, unlocking the potential for dynamic business to grow and creating environments where business and people thrive. Sacha follows in the footsteps of the four previous speakers; leading influencer Will Hutton, Chairman of the John Lewis Partnership Sir Charlie Mayfield, and ...

EOA Membership Council recruitment

The EOA has changed its governance and will soon be recruiting members to join the new  EOA Membership Council, which will be a key platform to gather member views and support in developing the membership proposition. This change,  approved by the EOA Board in January, will see members  recruited to work with the EOA team on building the member offer and driving member excellence, one the EOA’s strategic priorities. We will update members shortly on timescales and a recruitment process.

Looking to build on an excellent 2016

Most of you will have now have had sight of our annual review which gives an overview of successes and a focus for work in 2017 – if not you can read it here. 2016 was a fantastic year for the EOA as we continued on our journey of developing the size and impact of the employee ownership sector on the UK economy. Throughout the year, many members shared their success stories and spread the word far and wide as they continued to enjoy accelerated growth and prosperity. There is an exciting year ahead for the EOA and the team looks forward to hearing about the exciting plans our members have in place to make sure they build on their successes ...

Congratulations and happy new year to new employee owners

We’d like to congratulate our member successful brand realisation company Novograf which saw in the New Year by becoming employee owned bringing 63 new employee owners into the sector. Read their story here And January sees us celebrate another EOA member NSBRC who transitioned two years ago on January 1 and we wish  them a happy EO anniversary. Novograf is one of a growing number of professional services companies to become employee owned with our other members BB Partnership and ADP, both architects, very close to announcing their transitions this week. Meanwhile our member Kindness & Co launched its healthy eating Café in Chelte...

Member spotlight: Barnard & Westwood

Austen and Michele Kopley, former owners of a majority stake in Royal Warrant holding company Barnard & Westwood, dedicated many years to developing and growing their printing and book-binding business. The company which exhibited examples of their products at the EOA exhibition as part of the EOA conference 2016 has worked with Postlethwaite Employee Ownership Lawyers on succession planning for its future. As the company approached its centenary, they wished to explore ways they could pass on the company whilst protecting both the loyal and experienced team of employees and the integrity of the business nurtured over several generations ...

CEO viewpoint: ‘The ownership effect’

I recently had the pleasure of presenting at the Co-operative Party conference, ‘In our interest; building an economy for all’, where the topic was responsible business. Obviously, this is something close to the heart of the EOA as it is a phrase frequently used to describe the way in which businesses that the EOA represents, those that are employee owned. The sector, which employs over 300k people, and contributes around £30bn to the economy each year, that’s about 4% of GDP,  is growing at pace - at about 10% per annum, as entrepreneurs use the model to attract the best talent at start up, business owners adopt it as they plan their ...

Review sums up a successful year for EOA

The EOA’s review of 2016 and focus for activity during 2017 has been released. The EOA continued to pursue its purpose of developing the size and impact of the UK employee ownership economy last year. In 2016 profiling the EOA was a high priority through a series of blogs, national media pieces as well as partnering with members in regional and trade press on stories linked to milestones and successes achieving more than 100 pieces of coverage. Alongside this our Chief Executive became a commissioner on Grant Thornton’s Vibrant Economy Commission and spoke at the IPPR’s fringe event at the Conservative Party conference and at the ICAEW’s ...