16 results for year: 2021


Member News | BDB Transitions To 100% Employee-Owned Business

Altrincham-based B2B consultancy, BDB (Barrett Dixon Bell Limited) has established an employee ownership trust, transferring with immediate effect to 100% employee ownership. BDB is one of the first 500 employee-owned companies in the UK, giving its 50-strong team the opportunity to directly benefit from the continued growth of the business. The decision to transition to an employee-owned business was driven by the desire to sustain the company’s independence and protect its culture and values, alongside aiding long-term succession planning. Its previous Board of Directors remains unchanged and is made up of Matt Smith (CEO), Catherine Butcher ...

Member News | Creative Space Management Announces Move To Employee Ownership

Leeds-based property management and urban regeneration business, Creative Space Management, has made the progressive move to an employee ownership model, securing the future of this £1.7m turnover business for its teams operating across the North of England. Established in 2006, shares in Creative Space Management Ltd had previously been owned by three prominent, northern businesspeople: Chris Brown, Toby Hyam and Paul Taylor. The move to employee ownership effectively transfers all business interests to a Trust, which will manage the shares and bonuses on behalf of the firm’s 25 staff members. By transferring the shares to an Employee Owned ...

Member News | Aldridge Trimming transfers ownership to employees.

Wolverhampton based Aldridge Trimming Ltd has become the latest company to join the rapidly growing number of companies across the UK owned by its employees. Founded in the 1930’s, Aldridge Trimming originally provided general trimming services for cars of the 1920’s and 1930’s era. Simon Aldridge took over the business in 1980 and since that time the business has developed a worldwide reputation for supplying quality British made interior trim and bespoke trimming refurbishments for classic car enthusiasts in the UK, Europe and worldwide. The company’s 37 employees now own 100% of the company via an Employee Ownership Trust. Simon’s ...

#EODay countdown to share why business is better together

The EOA is asking members and supporters to share why business is #bettertogether for EO Day 2021. Today marks the 100 day countdown to EO Day 2021, which takes place on June 25. The EOA is asking its members and supporters to mark the annual celebration by making some noise about how individuals, business or economies are better together because of employee ownership. The annual campaign celebrates Employee Ownership and Employee Owned businesses in the UK, raising awareness of the benefits of employee ownership as a business model as well as the social and economic benefits it brings to employee owners. Each EO Day thousands of employee ...

Deb Oxley – EOA Statement on the 2021 UK Budget

"There was a lot to welcome in this important Budget in terms of continuation of pandemic financial support, a programme for economic recovery and investing for the future.  However, we do recognise that for some members, the planned changes to corporation tax will be a concern. "While we heard that there was a freeze on an individual's annual exempt amount for Capital Gains Tax, we still wait to hear the detail of other possible changes and initiatives around the UK tax regime later this month. "We hope March 23rd will herald an end to the uncertainty about a possible rise in CGT following the recent review carried out by the Office of Tax ...

Member News – Denny Bros Group announce plans to become employee owned

Denny Bros Group has announced exciting plans to become employee owned. The group has restructured its ownership so that a majority is now held in trust for the benefit of the employees. A new company, Denny Bros Trustee Ltd, has been formed to administer the trust while Barry and Graham Denny retain a minority shareholding. The previously family-owned group, which has its headquarters based in Bury St Edmunds, reached its 75th anniversary of trading last year and has made this move to safeguard its independent future. Denny Bros Ltd Managing Director, Graham Denny, said: “In the last few years, we have come to the realisation that we ...

Guest Blog – Jenny Herrera: Good Business a no-brainer for Employee-Owned Businesses

I had the privilege of being on a panel alongside Neil Wright of TensCare Ltd in EOA’s November 2020 three-day series of webinars called EO Boost.  We were talking about ‘good business’ as part of a three-part series looking at its benefits for individuals, business and society. I loved hearing his example of how effective employee representation at board level translated into the company branching out into a completely new product, for facial muscles, which is now their biggest selling item!  As our conversation continued ‘off webinar’, Neil learned about the Good Business Charter (GBC), and felt this would be an excellent accreditat...

Member News – Synergy Vision becomes an EO Company

Medical communications specialist Synergy Vision (SV) is now an employee-owned (EO) company, joining a growing movement that includes Aardman Animations, John Lewis, PwC and Riverford Organics. It is a definitive move that further empowers the team to drive long-term growth and deliver the difference for clients in an environment that boosts staff engagement, innovation and motivation and safeguards the intrinsic values of the company. Since inception, a people-focused ethos has been intrinsic to SV. This is most recently evidenced by trailblazing initiatives, such as the four-day working week, successful since 2018, and its Investors in People ...

Member News – Bluesmith Technology Group Moves to Employee Ownership

Data Analytics and Software Development specialist Bluesmith Technology Group has joined the ranks of a growing number of Employee Owned businesses in the region. The founders marked Bluesmith’s ten year anniversary by moving a majority 75% shareholding into an employee ownership trust (EOT), with all staff automatically benefitting from the future success of the business. The move has been welcomed by blue chip customers including Yorkshire Water, Co-op and Oliver Wyman. The EOT model of ownership is an increasingly popular alternative to the traditional trade sale or merger, and provides tax-free bonuses for staff as well as tax breaks ...

Member News – Utility contractor Falco transitions to employee ownership

Utilities contractor, Falco Construction Limited has announced it is now employee-owned. The London-based company, established in 2004 by Brendan Griffin, has transitioned its ownership structure to an Employee Ownership Trust (EOT). Many of Falco’s twenty-seven full-time staff have been with the firm throughout its rapid development and the transition to employee ownership was the logical next step in its development says the company’s founder, Brendan Griffin: “The creation of an EOT enables us to preserve the legacy of the Falco brand and maintain its status as an established partner for utility providers well into the future,” he ...

EOA Launches EO Trustee Search to help EO businesses build good governance

The EOA has launched the EO Trustee Search to support EOA members to recruit Independent Trustees.  The new suite of services provides three distinct options for employee-owned businesses seeking to acquire the services of an Independent Trustee to help them deliver robust governance.   The EOA believes that employing an Independent Trustee, on the employee ownership trust,  provides objective insight and support to represent the interests of the business’ employee owners and deliver on the purpose of the business.  As well as the EOA’s self-service option, two EOA members have partnered with other organisations to offer two additi...

Big four firm PwC joins EOA after continued growth of the EOT model

PwC has joined the EOA after seeing the continued growth of businesses becoming employee owned via an employee ownership trust (EOT). As one of the big four professional services firms, the business sees the relevance of employee ownership after seeing the sector’s continued strong growth despite the pandemic. PwC has been involved in a number of EOT transactions including advising on tax, valuations, structuring, modelling, legal, debt advisory, employee communications and governance. The values of the sector are seen as a great fit with PWC’s purpose to “build trust in society and solve important problems”. More than 50% of the ...

EOA Member News – Gripple Crowned Manufacturer of the Year

The EOA congratulates the employee owners at EOA Member Gripple on having won big in the Make UK awards, taking home the title of "Manufacturer of the Year" recognising their success in what remains challenging and unprecedented times for UK Manufacturing. They also won the ‘Business Growth and Strategy’ and ‘Developing Future Talent’ awards, both demonstrating that putting people, innovation and world class manufacturing at the heart of the business drives their success. You can find out what Gripple have to say about winning these awards, as well as the videos they submitted here.

CEO Blog – Staying on course to Better Business

Whilst the entire world has been buffeted and blown around by the pandemic, there has never been a more important time for organisations to stay agile and to stay focused on their purpose. Of course, it has been essential to divert valuable resources to manage the national response to COVID19 here in the UK.  However, the implications of this approach on the longer-term challenges are profound, for example in the NHS, where waiting lists for non-COVID related illness are now at an all-time high and not expected to recover to pre-COVID levels for many years, putting at risk the NHS’ very purpose of being ‘free at the point of need’. In a ...

EOA Member News – Agulhas becomes an Employee-Owned Trust

At the start of 2021, Agulhas became an Employee-Owned Trust. They are now owned and run by those who know Agulhas and our values best – their people. Agulhas’ principles are central to everything they do as an organisation. After almost 20 years building a company based on these values, becoming an Employee-Owned Trust will ensure that Agulhas continues to grow and be nurtured by those who embody these values, ensuring a sustainable future for the company. As an Employee-Owned Trust, employees will be invested in Agulhas Applied Knowledge for as long as they work for the company. The Trust will be managed by a Board, who represent all ...

EOA Member News – Interface NRM Ltd announces Employee Ownership Transition

EOA members Interface NRM Ltd have officially announced their transition to an employee ownership trust model, with founders Dr Gavin Jordan and Mike Greenland parting with 80% of their shares as the company became officially employee owned on the 6th of January. Dr Gavin Jordan and Mike Greenland established Interface NRM Ltd in 2002, they set up the company in the West Midlands as an ethically driven business, with the aim to increase the sustainability of wood being used in the UK, and to improve the environmental, social, health and safety performance of forestry, construction, manufacturing, service and design companies.  Since then, the ...