16 results for year: 2024


Optimum Coatings Ushers in Era of Business Success in Morecambe with Move to EO

Optimum Coatings has reaffirmed its commitment to its vibrant local community, recognised the contributions of its employees, and secured long-term business stability by transitioning to an Employee Ownership Trust (EOT). Based in White Lund, Morecambe, Optimum Coatings is a forerunner in high-quality complex ophthalmic lenses and lens coatings. With the move to EO, it’s putting its seventy members of staff at the heart of its business. It isn’t only employees who are benefitting. The move also brings increased job security, investment opportunities, and a success story that resonates with Morecambe's spirit of growth and innovation. "We're ...

Demonstrate Your Employee Ownership Pride Ahead of EO Day

We’re rapidly approaching the twelfth annual EO Day, uniting the sector to celebrate the power of Great EO. The theme for this year is #ProudlyEO. If that sounds familiar it’s because it’s taken from the unifying ‘Proudly EO’ badge. Fifty businesses have already adopted the badge, adding it to their websites, marketing materials, and more. If you belong to an EO business, download the badge ahead of this year’s EO Day on Friday June 21 to showcase pride, community, and the wellspring of benefits offered by employee ownership. EO Day Inspiration To get you fired up ahead of EO Day, here’s five businesses that have deployed the ...

EOA Welcomes Graeme Nuttall OBE as its First Official Ambassador

Graeme Nuttall OBE has joined the UK Employee Ownership Association (EOA) as International Ambassador, with a focus on developing and promoting international best practice for employee ownership. Graeme’s long association with the EOA - both through Fieldfisher and as a sector thought-leader – has helped create the UK’s employee ownership policy framework, the success of which over the last decade is having a global impact. Graeme’s work is influencing employee ownership policy in America, Australia, Canada, and elsewhere, especially through his advocacy for the Employee Ownership Trust (EOT) model. Graeme co-organises the annual ...

Interact Becomes the First Employee-Owned Contact Centre Outsourcer

Interact has become the UK’s first employee owned contact centre outsourcer after selling the majority of its shares into an Employee Ownership Trust (EOT).  Assisted by Postlethwaite Solicitors and supported by Baxendale Employee Ownership, it sold 91.6% of the company into the EOT in November 2023 using a hybrid model.  As well as allowing employees to share directly in its success, this structure upholds Interact’s entrepreneurial origins and commitment to its people-focused, customer-centric culture.    “Making sure the Interact team are rewarded for their loyalty and hard work is hugely important, as is future-proofing the ...

Blog: The countdown is on to celebrate ‘Proudly EO’ businesses for EO Day  

There’s only a 100 days until this year’s EO Day. We guarantee it’ll be here before you know it.  So mark your calendars for Friday June 21, appoint an EO Day lead, and/or assemble your team, and plan your EO Day activity.  Let’s celebrate and reach new audiences about our fast-growing sector, that offers proven results. A sector that is #ProudlyEO.  We’re excited to see what you and other members across the community do for this year’s EO Day. If previous years have been anything to go by, there’ll be plenty of passion and creativity on display in your celebrations.   You should be rightly proud of the role you play in ...

Purplefish Announces Transition to Employee Ownership

Purplefish has become the first PR agency in Bristol to make the move to employee ownership after founder Joanna Randall sold all of her shares to an Employee Owned Trust (EOT). This follows two years after the award-winning firm became a B Corp, joining the growing number of employee owned businesses (EOBs) gaining certification. “As a sole owner and shareholder it can often be an isolated role so I’m really looking forward to being part of the new management team in defining our future direction,” says Joanna, who founded Purplefish back in 2012. Twelve years later, the firm is a B Corp certified, Living Wage EOB, cementing its positive ...

Empowering Equality: The Impact of Employee Ownership on Gender Diversity in Business

Employee ownership provides a fairer model that’s statistically shown to create fairer, more welcoming workplaces. As the voice of the EO sector, and with women making up two thirds of our own staff, we embody, promote, and champion the values of International Women’s Day every day. But the day offers a valuable opportunity to take stock of where we are as a society – and just how far we still need to go. Stark Data Data reveals, unsurprisingly, that most business owners in our economy are white, cisgendered men. The Longitudinal Small Business Survey shows that more than 93% of SME business owners in the UK are white, while the UK ...

EOA offers condolences on death of former John Lewis Partnership Chairman Peter Lewis

We are saddened to hear about the death of Peter Lewis, nephew of the founder of the John Lewis Partnership John Spedan Lewis. As the EOA’s largest and oldest member there is a long running history with the Partnership, its partners and members of the Lewis family to whom we send our heart-felt condolences. Peter's tenure as the Partnership’s third Chairman from 1972- 1993 covered the period in which the EOA was established by our founder Robert Oakeshott in 1979 (then Job Ownership Ltd - JOL) - John Lewis Partnership and another early supporter Scott Bader were instrumental in establishing JOL and supporting it to grow from a movement to ...

EOA Backs Calls for Policy Reform to Fix UK Economy

The EOA is one of the 30 mission-led organisations in the Alliance that believes profits must also benefit people and planet  We’ve collaborated to develop policy measures to reshape the national economy, which are detailed in a new ‘Business Plan for Britain’. The Future Economy Alliance is a growing partnership that collectively employs an estimated four million (around 10% of the UK workforce) that is making a huge economic contribution and representing a significant voter base in an election year. The Asks – Business Plan for Britain As part of the Alliance, we are calling on the UK Government to appoint a dedicated Minister who ...

What Does the Spring Budget Mean for Employee Ownership?

We were pleased to see the focus on growth and productivity, employment, personal and household finances, and unlocking investment in the Chancellor's 2024 Spring Budget.  We welcome many of the measures announced in the Budget to address these priorities - particularly measures which the EOA has proposed previously in our engagement with government.   At the same time, we suggest that this Budget presents missed opportunities in building a more prosperous economy; developing the role of EO, and further unlocking its impacts for businesses, employees, and our wider society.  Announcements  The cut in workers' National Insurance from 10% ...

Prolific postproduction facility, Suite Ltd, claims industry first in move to employee ownership

Suite has become one of the first employee owned post-production TV facilities after the company founders sold the business to an employee ownership trust (EOT) in a process supported by EOA Supporter Member J Gadd Associates. The Soho-based boutique facility provides editing, audio, and visual effects for TV producers, broadcasters, and streaming services. It’s clocked up an impressive list of credits including sitcom Not Going Out, topical panel show Have I Got News For You, gameshow Gladiators, and comedy-drama The Duchess, among many others. Now, the business is entering a new chapter after making the transition to employee ownership (EO) ...

Expand Your Understanding of Succession with Deep EO Research

“It is pretty hard taking over a founder, they’ve built a lot of history in the business, making sure the founders understand that problem and don’t revel in being the hero.”  Achieving great employee ownership (EO) hinges on the experience of leadership succession at the heart of any transition as the above quote illustrates.  Although employee ownership brings a myriad of positives for employees – including fairer pay; a happier, more engaged workplace; increased investment in training and skills; and greater wellbeing support – the process of a business becoming EO begins with succession.   There’s no overstating the ...

Reshaping Business Norms: Reflections on the Twelfth Annual Robert Oakeshott Lecture

This year, the annual Robert Oakeshott Lecture was sponsored by Brabners — a leading professional advisor and advocate of employee ownership and the good work agenda. The lecture was given by Matthew Taylor, who explored the relationship between employee ownership as a model of good practice and the right balance of key motivators in business. In our previous article, we discussed the relationship between employee ownership (EO) and responsible business and its subsequent positive impact on UK productivity. After considering Matthew’s lecture, we reflect on some of the key takeaways below. During his lecture, Matthew explored three key ...

Bespoke physical music and packaging agency, Key Production Group, Enhances B Corp Cert with Move to EO

Key Production Group, Europe’s largest agency for physical music and bespoke packaging manufacturing, has added employee ownership to its recent B Corp certification after setting up an Employee Ownership Trust (EOT). “After just over 33 ⅓ years of being the sole Director and owner at Key Production, it’s time for me to secure the next 33 ⅓ years,” says company founder and CEO Karen Emanuel. As any vinyl fan can tell you, 33 ⅓ is a significant number. The transition comes at an exciting time for physical music, as vinyl sales grew for the sixteenth consecutive year and, in 2023, CD sales recorded their strongest year for fifteen ...

Embracing EO: Responsible Business and the Positive Impact on Productivity

This year, the annual Robert Oakeshott Lecture is kindly sponsored by Brabners, a leading professional advisor and advocate of employee ownership and the good work agenda. Below, Brabners explores the relationship between EO and responsible business, and the subsequent positive impact on UK productivity. The employee ownership sector has grown rapidly over the past decade and, at Brabners, we continue to see a growing interest from owners and boards who want to secure the future independence and protect the legacy of their business. But succession, legacy, and culture aren’t the only advantages of becoming employee owned (EO). Employee-owned ...

Specialist London recruiter Bain and Gray embraces employee ownership

Bain and Gray is putting its people in the driver’s seat with an Employee Ownership Trust (EOT) to help steer the executive support recruiter’s present and future growth. According to Emily Bain, MD of the Soho-based business, Bain and Gray is “creating a seamless strategy for succession”. “Choosing to create an EOT was a no-brainer,” she says. A bedrock of trust, inclusion, and collaboration The new status builds on the business’ current collaborative culture and amplifies the trust and inclusion at the heart of Bain and Gray. Not only will the EOT provide its twenty-strong employees a stake in the company, affording them a ...