60 results for year: 2020


EOA Chair appointment completes new line-up for EO Champions

The Employee Ownership Association (EOA) has appointed a new Chair who will take over the role at its next board meeting on October 22. Chris McDermott, Managing Director of The 1:1 Diet by Cambridge Weight Plan, will take over from former John Lewis Partnership Director of Communications, Simon Fowler, who has been Chair for the past decade. Chris, who has worked for The 1:1 Diet by Cambridge Weight Plan in various roles for 17 years becoming Managing Director in 2015, started his career in journalism, PR and communications. The announcement follows last month’s news of the appointment of new EOA President Patrick Lewis - the great-grand...

Seetec Announces New Employee Trustee Director

The EOA welcomes the latest news from member Seetec, as they announce the appointment of their new Employee Trustee Director, Karen Palfreyman: "Seetec is delighted to have passed another key milestone in its transition to employee ownership with the election of Karen Palfreyman as its new Employee Trustee Director. This new role will represent the views of Seetec’s 2,500 employee owners at board level to influence the strategy and direction as a leading public services provider in the UK and Ireland. Seetec’s employee council, which is made up of 10 frontline staff, from employment coaches through to probation staff, representing all ...

Paul Clark Accountants announces employee ownership transition

Paul Clark Accountants, which was set up by Paul Clark in 1993 and became a limited company in 2009, has been handed over to its workers by its founders and owners, with shares transferred into an employee ownership trust (EOT). Paul Clark will remain as managing director and the existing senior management structure has been bolstered with the appointment of long serving members of staff, Kevin Beale and Rhys Davies, as directors. “We took the decision to transfer ownership of the company primarily to strengthen the team and reward our employees for all their hard work and contributions” said Paul and Judith Clark. “We are grateful for the ...

Tapestry Compliance becomes employee owned

A Yorkshire law firm which is a former winner of a Queen's Award for Enterprise has been sold to an employee ownership trust. Tapestry Compliance, which has offices in Sheffield and Leeds, was founded by Janet Cooper OBE and Bob Grayson. Their shares, as well as those of the other two founders Shirley Cooper and Marianne Chalcraft, have been sold to a newly-formed EOT. An agreement has been reached for the founders to be paid the purchase price out of future profits. Tapestry has worked with Aviva, HSBC Goldman Sachs and TripAdviser on employee and executive share awards, and is an established advisor on employee share ownership plans. The ...

BPG Announces Move to Employee Ownership

BPG ANNOUNCES MOVE TO EMPLOYEE OWNERSHIP BPG Architects and Surveyors, founded in 1988 will become Employee Owned as from 1st October 2020. Robin Goddard, Chris Bula and Roger Mahoney remain as directors but the Employee Owned business format will allow new directors to be appointed from within the practice to develop and sustain the business into the future. BPG strongly value sustainability and environmental/social responsibility as their main practice values thus the move to Employee Ownership was a natural decision. Becoming Employee Owned shows that the board recognise the value of its employees and their contribution to the success of ...

EOA welcomes EO transition of Heron House Financial Management

Heron House Financial Management Ltd, the award winning Chartered Financial Planning and Wealth Management firm based in Newport, has just become employee-owned. The company founders, Saran Allott-Davey and Christopher Jordan have sold a controlling share of the business to employees through an Employee Ownership Trust (EOT). Having worked hard to build the business over the last 25 years, Saran and Chris wanted to ensure that the ethos and service which has been a major factor in the company’s success, would continue for decades to come. When they started to explore various succession planning options a few years ago, a trade sale or merger ...

EOA backs calls to rebuild business for society

The EOA has backed a call from the Building Societies Association to support a call for meaningful change in the institutions that shape the business environment. Currently, funding and awareness raising for business support is disproportionately skewed to just a few types of business models, when a wider focus could see growth in the plurality of business models with a benefit to the economy and society. The Rebuilding Business for Society report–compiled by a group of co-operative and mutual trade associations–says they can play a leading role in reinvigorating communities, especially those left behind by economic or social change. ...

Patrick Lewis: It’s time to harness the full potential of employee ownership

Whether it’s the inequality of unconstrained capitalism, the untapped capability and commitment of those in and out of work, or the unsustainability of our way of living – we all know that we need to find a better way. We need to address many issues – and fast - and the obvious place to start is where many of us spend most of our time – in the workplace. The Government has a role to play – but each of us has a key part in striving to make the organisation we work for lead the way in its contribution to our community. Too often we have seen absent “shareholders” set the tone. Now, more than ever, we need to champion what we stand ...

EOA welcomes members doing well, while doing good

This month EOA members Riverford and Rowlinson Knitwear announced their certification as ethical B Corporations. Their employee ownership was cited as a major factor in how they have demonstrated the ethical credentials required to become a Certified B Corporation, which the community of B Corps defines as: "Certified B Corporations are businesses that meet the highest standards of verified social and environmental performance, public transparency, and legal accountability to balance profit and purpose. B Corps are accelerating a global culture shift to redefine success in business and build a more inclusive and sustainable economy." The ...

Rowlinson becomes a Certified B Corporation

Employee-owned schoolwear manufacturer Rowlinson Knitwear (Rowlinson) proudly announced its B Corporation (B Corp) certification today. Rowlinson has met the highest verified social and environmental standards representing its commitment to goals beyond shareholder profit, joining a global movement dedicated to using business as a force for good. Rowlinson is the only organisation in the schoolwear industry to achieve B Corp certification. B Corp certification addresses a company’s entire business operations covering governance, workers, community, environment and customers. The stringent certification process demands that applicants reach a ...

Environet roots its future in the hands of its employees

The EOA welcomes the employee ownership transition of a Surrey-based company which specialises in the removal of Japanese knotweed. Environet UK, which started life 25 years ago, has been handed over to its workers by its founders and owners with shares transferred into an employee ownership trust (EOT). Their transition to Employee Ownership was assisted by EOA members Postlethwaite. Nic Seal will remain as managing director and the existing senior management structure has been bolstered with the promotion of Emily Grant and Mathew Day to directors. Seal said: "My wife Bertie and I have grown Environet organically from a start up in 1996 ...

Member News: Chemco International Undertake Initial £1m Investment

Despite the challenges of Covid-19 and after months of lockdown, Chemco International Ltd has embarked on a major investment programme in its hometown of Coatbridge. Phase One of this project includes the acquisition and subsequent upgrading of existing buildings; together with neighbouring property; commenced at a cost of over £1 million. It is the first major investment by Chemco since the company became 100% Employee-Owned and in the hands of new management at the beginning of last year. This announcement coincides with the company switching to 100% Renewable Energy for all of its heating and power. Phase One will provide modern and spacious ...

Patrick Lewis’ president role heralds new era for employee ownership champions

Patrick Lewis, Executive Director of Finance of the John Lewis Partnership, will take over as the president of the Employee Ownership Association (EOA) in September. His presidency heralds a new era for the EOA, which was established in 1979 by English journalist, economist and social reformer Robert Oakeshott, with other changes to key roles on its board expected in the coming months. Patrick takes over the role from Sir Charlie Mayfield, former chairman of the John Lewis Partnership, who had been in the role since 2013. Sir Charlie played an integral role in helping the association pull together the Ownership Effect Inquiry that resulted in ...

CEO Blog: Employee ownership; if not now, when?

‘United we stand, divided we fall’ describes the collaboration that unites people to overcome difficult times. Currently what unites all of us is that as a global community, we all have first-hand experience of how the pandemic has changed the way we live, work and play. Whilst some yearn for a return to ‘normal’, many long for a ‘new’ normal that celebrates what has been learnt in lock-down; more local and responsible consumerism; less use of cars and more use of bikes (or legs); adapting our homes to suit working from home – or even consideration of a move from cites; and through enforced absence, the real value of family and ...

Guest Blog – My lockdown experience at Unity Trust Bank

This entry was first published by Julia Tarpey, HR Director of EOA member Unity Trust Bank on BSB When lockdown first started in March, I felt that Unity was uniquely placed to support its customers. Unity Connect, our UK Customer Service Centre, enabled customers to speak directly to one of my colleagues, and we aim to answer all calls within 15 seconds with 92% first call resolution. I feel proud of this level of service and feedback from our customers confirms they really value the human interaction. At the height of the pandemic I heard someone on the news say, “It’s time for unity”. This struck a chord with me and I used this as the ...

Member News – Co-operative Development Scotland launches webinar series

Since its introduction in 2014, the Employee Ownership Trust has proved to be a feasible exit option for business owners who may not fit with more traditional succession routes. To help professional advisers broaden their knowledge and equip them to support their clients in making informed decisions, Co-operative Development Scotland are hosting a series of webinars exploring the Employee Ownership Trust as a succession solution. These webinars are also relevant for business owners looking towards succession planning. View the full series in detail. The Employee Ownership Explained webinars series is as follows:   The Role of the Accoun...

Member News – Cullinan Studio launches campaign to Make Room for Nature

Originally published August 3rd on www.cullinanstudio.com   55 million urban dwellers in the UK are increasingly disconnected with nature and all of its benefits, but it does not have to be this way. We are launching a campaign to Make Room for Nature – for nature’s sake and for ours. We are looking to collaborate with designers, makers, planners and academics to help rethink cities and restore the connection between people and the natural world. It is clear our cities are undergoing rapid changes. More than three-quarters of the world’s population now live in urban areas and our relationship with the natural world is becoming ...

CEO Blog – Making the case for employee ownership has never been more important

As the UK takes its first gentle steps towards recovery, it is more important than ever that the role and relevance of employee ownership to society and the economy is understood and respected – especially by those with influence who have the power and opportunity to assist in its growth. Therefore, whilst the EOA team works hard to deliver activity that enables engagement, networking and learning between members, our other major priority remains that of representing your interests and campaigning for more employee ownership. In this regard, throughout lockdown and now, as we move beyond, we are focused on a small number of key interventions...

Employee ownership – the solution to higher standards of ESG

Graeme Nuttall OBE, a partner at European law firm Fieldfisher, has today called for employee ownership to reach new heights and fulfil environmental, social and governance (ESG) obligations. Leading employee ownership organisations have backed his proposal, agreeing that employee-owned companies should be an exemplar for reducing inequality, tackling climate change and sustainability especially as we face the ongoing challenges of COVID-19. The UK Employee Ownership Association, EO Wales, Scotland for Employee Ownership, Irish ProShare Association and EO Australia have today jointly announced they encourage every employee-owned company to make ...

Member News – ThinCats begins accepting CBILS applications from new customers.

From 13th July, EOA member ThinCats is accepting CBILS applications from new customers, Head of Sales Mike Hackett had this to say: "As one of the first non-bank lenders to be accredited for CBILS term loans we have, up until now, been focusing on supporting our existing borrowers, however, I’m delighted that we are now opening up applications to new borrowers. Our experience with existing borrowers shows that CBILS loans can be used for a wide variety of funding needs including working capital, investment, refinancing and acquisitions. Our expertise has also enabled us to support a number of private equity backed businesses – often incorr...

EOA welcomes Chancellor’s latest economic statement.

Deb Oxley, Chief Executive of the EOA said: “The EOA welcomes the Chancellor’s economic statement. It will provide much needed support to protect jobs and give confidence to businesses across the country.   “In the Spending Review we would like to see the Chancellor commit to long term action to address the issues uncovered by this pandemic - that the economy has not been working in the best interest of those who are key to powering it – the workers.   “To build back better it is essential that the government commits to supporting more businesses to give employees a stake and a say in the businesses where they work, ...

EO Day stories: Employee-ownership model pivotal in helping Ayrshire firm thrive

A Scottish chemical engineering company is attributing its ability to provide an unimpeded client service throughout the Covid-19 crisis to its transition to employee ownership two years ago. Taytech, based in Dalry, began the new business model in 2018, Director Iain Lindsay, who heads the 15-strong team, says the residual benefits of being employee-owned, such as high moral and increased productivity, are allowing Taytech to weather the economic challenges arising from the pandemic. Today (June 26) is EO Day, the Employee Ownership Association’s national celebration of employee ownership and all things employee owned in ...

Eo Day Stories: Fieldfisher employee ownership team complete over £275m worth of EOT transactions

European law firm Fieldfisher is delighted to celebrate Employee Ownership Day 2020. As leading advisers on employee ownership, Fieldfisher is marking the occasion by reflecting on how the firm has recently contributed to the shaping and success of the EO business model. Fieldfisher don't just advise on employee ownership, we helped create the UK's employee ownership framework and continue to work to simplify its regulation and increase its take-up in the UK and abroad.  As the UK celebrates EO Day 2020, Fieldfisher reviews some of its recent activities to develop employee ownership in the UK and around the world. #EOIsTheAnswer Fieldfisher ...

EO Day stories: EOA welcomes new Industry leadership group Scotland for Employee Ownership (SfEO) co-chair

The EOA's CEO Deb Oxley welcomes new Industry leadership group Scotland for Employee Ownership (SfEO) co-chair board Isabella Miller, who will be working alongside existing joint chair Jamie Hepburn MSP, Minister for Business, Fair Work and Skills. Isabella Miller, head of branch for John Lewis in Glasgow, has been confirmed for the role and formally takes up the position this month, taking over from previous chair Dennis Overton of employee-owned Aquascot. Isabella joined the John Lewis Partnership in 1989 as a graduate trainee and has since held a variety of positions in several branches throughout the UK.  She took up her first ...

EO Day stories: Frontline employees ready to take ownership of leading public and business services provider Seetec

Employee representatives at Seetec, one of the UK’s newest employee-owned businesses, today take up their seats on the company’s first directly elected employee council as part of the move to majority employee-ownership. Ten frontline employees including probation workers and employment coaches will represent their 2,500 colleagues on the new council, which will influence the strategy and direction of the UK and Ireland’s leading provider of public and business services. Key decisions await the new council, from determining which of them will serve as trustee director on the Board to deciding what name should be given to employees, who are ...

Eo Day stories: EO is the Answer as digital entrepreneur moves agency to employee ownership

The owner of a digital and IT consultancy has passed up eight-figure offers from venture capitalists to give his employees a stake in their future through employee-ownership. Gary Parlett and his wife Kate Parlett MBE founded Answer Digital 21 years ago. With offices in Leeds and London, it has grown to become one of the most respected digital companies in the UK with clients that span the NHS, international retailers and global financial institutions. The move to employee-ownership is a natural one for Answer Digital as one of the company’s core values is recognising employee contribution. The 85 staff will each have ownership in the ...

EO Day stories: Knowles Associates announces move to employee ownership on EO Day 2020

Leading independent transport management and car benefits provider, Knowles Associates, has become employee-owned. Company founder Colin Knowles has transferred 100 per cent ownership of the business to its 54 staff through an Employee Ownership Trust (EOT). The transition, announced on Employee Ownership Day 2020 (26 June), also included the acquisition of Ensure UK Ltd, providers of fleet insurance mediation and accident management services. The reason behind the decision to become an EOT was to secure a sustainable future for the business and crucially, to retain independent status which has been a major factor in Knowles Associates’ ...

EO Day stories Jerba Campervans: There’s the bank balance”: How an employee-owned firm reassured its furloughed team

THE TEAM at one of Scotland's most prominent employee-owned businesses have revealed the extent to which its model of ownership has boosted morale during lockdown. While it may have been the last thing on the minds of most business owners, 15-strong Jerba Campervans even took the decision to share full details of its financial position, to reassure its team after its workshop was forced to close before grants or furlough payments were received. The North Berwick-based VW T6 Transporter converters has now welcomed back all of its workers as production on its bespoke and sought-after vans began this week. Speaking ahead of EO Day (Friday 26 ...

EO Day stories: Baxendale launches succession options review

Baxendale is delighted to introduce the Succession Options Review for EO Day 2020. This is an innovative new product designed to help business owners find the succession solution that is right for them and their businesses. We have learned that that the most successful succession transitions occur when: (1) business owners have had an opportunity to explore all of the succession options available to them; and (2) a bespoke succession plan is prepared to meet the individual needs and objectives of exiting owners and their businesses. Our new product comprises of two elements: (1) The Baxendale Succession Options Web Portal where we ask ...

EO Day stories: New service helps businesses convert to employee ownership

Two South West advisory firms have joined forces to offer a new service to help businesses to convert to employee ownership. EOA member Stephens Scown LLP, the first large law firm in the UK to become employee-owned, and consultants BoardroomAdvisors.co.uk are offering a one-stop service to help companies make the transition. They believe an ‘employee buy-out’ could be the ideal solution for founders looking to exit their business in the post-Covid world while keeping the interests of employees at heart and, provided it is structured in the right way, is currently free of capital gains tax. Employee-owned businesses – which include the ...

THOUSANDS OF EMPLOYEE OWNERS CELEBRATE EO DAY AND SHARE WHY “EO IS THE ANSWER”

Thousands of employee owners across the UK are celebrating their employee ownership status today for Employee Ownership Day (EO Day), an annual, national date in the calendar, which highlights the collective strength and achievements of the UK’s employee ownership sector. EO businesses and supporters will be sharing the questions that relate to why EO is the Answer, which includes a video from John Lewis Chairman Sharon White and other key figures. Over 470 employee owned (EO) businesses in the UK contribute over £30bn to UK GDP every year including businesses such as John Lewis and Partners, Lush Cosmetics, Aardman Animatio...

CEO Blog – Webinars evidence why EO can help build back better

Over the past three months, at the height of ‘lock-down’ I had the privilege to chair our series of webinars, which supported our members and the wider employee owned community as they dealt with the health and economic challenges of Covid-19.  As I reflect on the case studies from the webinars and the stories shared with us by our members over the last months, it’s clear that during the initial response to the pandemic, EO businesses were able to leverage their employee ownership spirit to unite employee owners behind a common purpose, helping their ability to adapt, innovate and flex during this crisis.   As the UK moves into the next ...

EOA Member News – Raised Floor Solutions Secures CBILS Loan

Raised Floor Solutions has secured a substantial six-figure loan through the Government’s Coronavirus Business Interruption Loan Scheme (CBILS) from Lloyds Banking Group. The specialist composite flooring contractor, which is employee owned, is Kingspan’s largest UK steel decking approved supplier with a significant share of the UK composite floor decking market and a £17 million annual turnover. The CBILS funding package provides significant liquidity to return to normal capacity as soon as it is safe to do so.  Sixty per cent of its workforce were furloughed initially following the closure of the majority of construction sites across the ...

Join the conversation on the operational and psychological return to the workforce

Many businesses will have started the transition or will be planning now on how they might bring people back to the workplace later this year. This is not just an operations exercise to get back to ‘normal’, but also a strategic look at what the business can now do and how, as well as being a huge human resources and engagement exercise. In this week’s webinar we will build on the conversations from the past few weeks to talk about the operational and psychological return to the workplace. In our webinar two weeks ago Be the Business CEO Tony Danker polled listeners to see how they compared with four segments of the rest of SMEs in the UK ...

Learning from the Covid-19 crisis to create a productive workforce for the future

Earlier this year, we began a conversation about the future of work at our 2020 Robert Oakeshott Lecture, and the need for socially responsible automation so it works for us all. Now, the world of work has changed, possibly forever, as the Covid-19 crisis has changed supply and demand in ways that were previously unimaginable. Many have had to quickly embrace and adapt to new and smarter ways of working and consider how this will impact on future ways of working. This is why we have invited Co-Founder and Director of the Institute for the Future of Work, Anna Thomas, to be part of this week’s webinar Creating the right environment: A ...

EOA member story: i4 Product Design produces and distributes 3D-printed PPE directly to NHS

EDINBURGH, SCOTLAND:  Weeks into the UK Lockdown with continued PPE shortage in the NHS preventing the protection from the spread of the Coronavirus, i4 Product Design has produced and distributed 3D-printed PPE directly to the NHS. The initiative was spearheaded by a group of long-term staff members: Marco Miglionico, Ewan Maxwell, James Mackay, and Douglas Wood with 95 per cent of materials costs funded by staff. Using open source designs, i4pd produced the Prusa RC3 face shield, but due to material issues, the design excluded a filter-mask to accompany the shield. So i4pd also produced a face filter chosen from a design known to make wearing ...

EOA welcomes family business McGee’s move to employee ownership

The EOA is delighted to welcome its member London-based, specialist engineering contractor, McGee, as it becomes part of the employee owned sector in the UK. The family business announced today that it has become employee owned through an Employee Ownership Trust (EOT). Founded in 1959, the second generation McGee brothers have grown the capability, size and reputation of the business, making it synonymous with delivering world-class engineering solutions, either as standalone disciplines or as part of a high-value integrated offering. To date, it has worked on a number of London’s flagship infrastructure projects including: Wembley Stadium, ...

Can your business go from survive to thrive? Join our latest case study-led webinar

Necessity is the mother of all invention - an old proverb given new salience during the Covid-19 crisis. From cafes becoming takeaways, or producing their own products, to manufacturers quickly changing to deliver PPE equipment, there are thousands of stories of how businesses have innovated. But whatever your Covid-19 status and experience, from temporarily closing, applying for finance to quickly having to deliver your business virtually from home, there are two things businesses are starting to realise: 1. You have had to act quickly and have learnt things that would otherwise have seemed impossible to deliver in such a short space of ...

CEO Blog: Living by the numbers

The last few weeks and months have seen a new interest and focus from the public on the numbers that are framing our everyday lives. In addition to daily updates on death and infection rates; there are the 5 tests the Government is using to assess progress; it’s been 4 months since the advent of the coronavirus in the UK; we are now all familiar with the regular 3 presenters of the daily Government press conference; we have concluded 2 terms of ‘lock-down’; and the world awaits the results of the search for 1 vaccine. Never have data and facts been more important as they guide and influence the behaviours of an entire population. However, ...

How transparent and open communication can guide your business through a crisis

Trust, transparency and open lines of communication have never been more crucial than they are in the current crisis.  These values and practices are key to fostering a collaborative and innovative environment between the workforce, customers, supply chain and external stakeholders. On Thursday 30th of April, the EOA will be hosting an EOA Better Together Webinar entitled “How transparent and open communication can guide your business through a crisis”. Host Deb Oxley will be joined by expert guest speakers from employee owned businesses who will share how open communication has benefited them, as well as discussing the impact this can have on ...

EO Community Stories: Make’s modelshop team joins the effort to print PPE for NHS workers

Make Architects’ modelshop team is supporting NHS workers by creating headbands for much-needed personal protective equipment face shields. The modelshop team, led by Paul Miles, is printing the headbands from home using 8 of Make’s requisitioned studio Ultimakers, with 100 bands created per day. Make is contributing via #thebigprint, set up by 3DCrowd, which has delivered 65,000 facemasks to NHS frontline workers. Over 500,000 have been requested. As of April 27th, Make has created 700 bands for the project and is one of almost 8000 organisations to have created almost 100,000 units.   Paul Miles, Make’s modelshop lead, ...

The Role of an EO Trustee in Times of Crisis: How to Guide Your Business

Employee owned businesses excel in the art of good leadership. It is in their DNA to empower and embolden employees. It has never been so crucial for businesses to give everyone a voice and ensure their resilience in these challenging times. On Thursday 23rd of April, the EOA will be hosting an EOA Better Together Webinar entitled “Employee Ownership & the role of the trustee – how to guide your business in challenging times”. The webinar will be hosted by Deb Oxley, CEO of the EOA, joined by expert guest speakers from employee owned business including Robert Postlethwaite of Postlethwaite, Angela Brown of Childbase Partnership and ...

A fifth of smaller UK firms ‘will run out of cash’: How do you survive a cash flow crisis?

The global business and financial landscape has been rocked by the impact of the COVID-19 crisis, with many businesses facing uncertainty about cash flow as a result. Earlier this month the BBC cited research that suggested between 800,000 and a million firms nationwide may soon have to close, that equates to a fifth of small and medium-sized businesses in the UK. On the 16th of April, the EOA and expert guest speakers will be sharing advice for businesses facing a cash flow crisis in the latest EOA Better Together Webinar. Included in the advice shared will be four key cash preservation strategies to help maintain the best cash balance possible ...

Will the third week of your new normal be the most difficult? It’s time to focus on Mental Health & Wellbeing

The environment around us is changing, from where, how - or even if we can - continue to work, alongside the daily updates of how the Coronavirus pandemic is impacting on the health and the economy of both the UK and globally. Employees’ health and well-being are paramount in the current situation with employers needing to be proactive in protecting their people and minimising the risk to staff and business continuity. It has been reported that the third week of working from home is supposed to be the toughest on people’s mental health and wellbeing. Which is why on the 9th of April, 11am, the Employee Ownership Association’s third ...

EO Community Stories – City Health Care Partnership CIC: On the front-line in the battle against COVID-19

City Health Care Partnership CIC provides health and care services in Hull, the East Riding of Yorkshire, Knowsley, Wigan and St Helens. Community nursing and care often gets forgotten about in times of crisis, but our colleagues are right there on the front-line in the battle against Covid-19. Our district nurses are still visiting patients who can’t get out, often at great personal risk as despite our best efforts it’s not always possible to know if the patient or someone else in the household has symptoms of Coronavirus. We are working with our local hospital trust in Hull to allow them to discharge patients earlier to free up beds, by ...

Naomi Climer promotes the virtues of human centred technology at Robert Oakeshott Lecture 2020

The 160+ attendees of the 8th annual Robert Oakeshott Lecture, titled The Rise of the Robots: What Role for Employee Ownership in the 2030 Economy?”,  heard Naomi Climer, Co-Chair of the Institute for the Future of Work, promoting the potential benefits of technological developments that put people, not profits at the centre. In her lecture; Naomi, an engineer and leader who is a non-executive director on the Boards of a number of quoted companies and charities, spoke to the audience about how the 4th Industrial Revolution, dubbed “The Digital Revolution” has led to dramatic changes in the nature of work for people across the world, and how ...

EOA welcomes paper that documents how EO shapes leadership

The EOA has welcomed a new paper that investigates how being employee owned changes the shape of business leadership. The paper, published yesterday (March 1 2020) by Ownership at Work and Grant Thornton UK LLP, investigates an emerging model of leadership that puts power in the hands of employees. Authored by eminent business and management writer, Stefan Stern, the paper is based on a series of interviews with the leaders of ten employee owned businesses. Currently turning over a combined £30bn plus annually, employee owned organisations demonstrate exceptional productivity, performance and employee engagement. The paper concludes ...

CEO Blog: “Business as usual” is no longer good enough

56% respondents thought that capitalism as it exists today does more harm than good in the world, that is one of the key findings of the 2020 Edelman Trust Barometer, an annual survey of people around the globe that looks at levels of trust for government, business, NGOs and the media. I’ve written previously about the importance of establishing trust for successful businesses, and the intervening years have only further proved how vital trust is to business. In fact, I am sure most of us can name a handful of big businesses over the past few years that have displayed some serious lack of governance and transparency resulting in their collap...

EOA Conference on countdown to ticket sales in March

Tickets for the EOA Annual Conference 2020 will go on sale on March 26th. With three keynotes, including last year’s winner of the UK Employee Ownership Awards Rising Star of the Year Award - Riverford Organics, lined up for the event on Monday 16 and Tuesday 17 of November, the first 200 early bird tickets are expected to sell out quickly. Also confirmed is the return for a second year joint conference sponsors J Gadd Associates & Postlethwaite, In 2019 the event was sold out with more than 700 attendees who gathered to be involved through networking, be informed via a choice of 30+ learning opportunities and be inspired by our ...

EO business leads the way in Good Employment Charter

Employee Owned business Rowlinson Knitwear is one of the first 6 businesses to sign up to The Greater Manchester Good Employment Charter. The Mayor of Greater Manchester Andy Burnham launched the Good Employment Charter’s ‘membership tier’ last month alongside Manchester City Council Leader Sir Richard Leese and Councillor Sean Fielding, Greater Manchester Combined Authority’s (GMCA) lead for work and skills. The charter has seven ‘good employment principles’, including providing a real living wage, recruitment and progression, health and wellbeing and not using “unnecessary” forms of insecure employment, such as temporary, zero ...

Ken Lindsay – Developing impact in the role of Employee Trustee/Director

The Employee Owned sector is a great place to work for many reasons. Employee owners are empowered to have a say in and do great things that impact the business and the communities they serve – from making key changes that impact positively on their customers to supporting the communities in which they are based as the custodians of the business for future generations. As I have met more and more businesses across the sector, I have been constantly impressed by the way they value and treat their people, trusting them to try new things, new roles and new responsibilities, and then supporting them to rise up to meet the challenge. This trust ...

EOA welcomes new paper that highlights ‘missed opportunity’ to invest in EO

The Employee Ownership Association (EOA) welcomes a new paper that highlights one of the key barriers to growth of the employee ownership sector – access to finance. The report, published by employee ownership think tank Ownership at Work, entitled Capital Partners? Why it’s time for finance and employee ownership to talk, heralds a missed opportunity that has resulted in the unmet needs of more than half of the employee owned sector. Copies of the paper will be shared at an event an EOA event “Investing in Employee Ownership” on March 16, where representatives from the finance sector will come together to see if they can help identify ...

Prevista ownership passes into Employee Owned Trust

Prevista, a leading provider of government funded Apprenticeships, Traineeships, employment and youth programmes has passed into 100% employee ownership via an Employee Ownership Trust (EOT). James Clements Smith, Managing Director and the previous 100% shareholder in the Prevista group, recently completed the transaction. The Prevista group will now be 100% owned by a Trust governed by independent and staff trustees. Islington headquartered Prevista is almost a quarter of a century old and has served its communities, across London and the South East, tirelessly over this period; assisting tens of thousands of disadvantaged young people & ...

Staff at Bluefruit Software Handed Ownership of Business After Turnover Grows By 50%

75 staff at the Cornwall tech company now have a significant and meaningful stake in the business Bluefruit Software becomes employee-owned after 51% of the business is placed into an Employee Ownership Trust (EOT). The move to employee ownership will preserve Bluefruit’s values and its culture as the team continues to grow. Bluefruit Software recorded a revenue growth of 50% year-ended April 2019 and turnover has more than doubled in the last two years Staff received a tax-free bonus of up to £1200 each following the transition. Research from the Equity For All report details that EOTs are growing at a rate of 30% and employee-...

Deb Oxley: The best is yet to come – a decade for EO

This new decade could be the best yet for employee ownership.   The sector is well placed in terms of awareness of its benefits by business owners, there is rapidly growing capacity amongst professional advisors in their ability to support these owners and the wider business environment is now actively seeking forms of business that deliver wider value back to society.    Added to that, our new Prime Minister has made a commitment to ensuring that the whole of the UK can benefit from economic growth, expressing his ambition to ‘level up’ the investment and development of the regions with London and the SE.  All of this suits a ...

EOA launches EO Learn to support the sector to thrive

The EOA has launched EO Learn with a trio of learning programmes that support employee owned businesses to succeed. The courses are in answer to demand from hundreds of employee owners and businesses through the EOA’s member survey and via enquiries at the EOA’s Annual Conference. Key contributors from the employee owned sector have liaised with EOA members to build courses that hone the skills of leaders and employee representatives in employee owned businesses including: Leadership Succession in an Employee Owned Business by Telos Partners & JGadd Associates prepares a business not just for an employee ownership succession but ...

Speaker announced for ‘investing in employee ownership’ event

The EOA and Unity Trust Bank have confirmed their keynote speaker for an event that aims create understanding of the opportunities for finance in the employee ownership sector. On March 16th the EOA in association with Unity Trust Bank will be hosting its first finance symposium to discuss the opportunities for financiers to invest in the UK’s employee owned sector. Eric Leenders, Managing Director – Personal Finance, UK Finance will deliver the keynote address on the important role employee ownership can play in the UK economy as well as how investors and lenders can benefit from supporting businesses to make the transition to employee ...

Educating Leaders in Financial Services about Employee Ownership

Margaret Willis, CEO of Unity Trust Bank, explains why she is committed to working with the Employee Ownership Association to help boost the number of employee-owned businesses in the UK and how they are a force for good. The core purpose of Unity Trust Bank is to lend to organisations which make a positive social, economic and environmental impact and help to create a better society. It is now widely recognised that employee ownership helps to create dynamic and successful businesses which also deliver those vital outcomes. However, although the employee owned sector is already worth nearly £30 billion and is expanding, according to a recent ...

Naomi Climer – Automation, AI and Putting People First

A recent piece of research at the Institute for the Future of Work showed that voting patterns strongly correlate with the perceived risk of job automation in an area. You can read our report here. It’s clear to me that uncertainty about the impacts of automation is a top of mind issue for many people, especially in regions with industries where the likely impact of automation is very visible. AI, automation and new ways of doing things online have already transformed some industries - such as manufacturing where we’ve seen a reduction of workforce as lower skilled work is replaced by machines, and retail where we’ve seen a decline in high ...

Seetec to become one of the UK’s largest employee-owned public services companies

Seetec, a leading provider of skills, employment, justice and rehabilitation services, today becomes one of the largest employee-owned companies delivering public services in the UK and Ireland. The company has annual revenues of £150 million and will be the 9th largest employee-owned company in the UK by number of employees. A new employee council will be set up to manage and represent the interests of employees, which include frontline probation workers, employment coaches and trainers. Seetec’s founder and 80 per cent shareholder, Peter Cooper, has sold 51 per cent of the company into an Employee Ownership Trust for the sole benefit of ...