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 greater say in how it’s run, it also entitles them to an annual share of profits.
“With a reputation for staff retention and longevity, and despite other approaches for the business, we felt that passing on the company to our team was exactly the right thing to do,” says Ms Bain.
“We are securing the future stability of Bain and Gray in the hands of a highly competent team.”
The EOT is the next step in the company’s evolution, underlining its core values of trust, integrity, equity, accountability, and inclusion. It will serve as a platform for a sustainable culture based around teamwork.
A legacy of continuous growth
Emily Bain co-founded the company alongside business partner Claire Gray back in 2009. Since then, Bain and Gray has enjoyed fifteen years of continuous growth. As a freshly fledged employee owned business (EOB), it’s set to continue at the top of its game.
It has carved out an enviable reputation in the highly competitive London recruitment sector for sourcing outstanding executive support talent. Among the secrets behind this success is a dedication to ensuring the right cultural fit is second to none.
To ensure continuity of service for high-net-worth individuals (HNWIs), city institutions, and corporate clients, Emily Bain and Claire Gray will remain in post as Managing Director and Finance Director respectively.
“As co-founders we continue our active involvement in the company, while ensuring staff help steer our present and future,” says Ms Bain.
Alice Stevenson, who has been with the company for eight years and risen from Office Manager to Managing Consultant, says: “It is such an exciting time for the business, and for me personally.
“The EOT effectively gives us shares in a company I love and a say in how it is run, which is both motivating and rewarding. We all work hard, and I can’t wait to see what the future holds for our tight-knit organisation.”
James de le Vingne, Chief Executive of the Employee Ownership Association (EOA), says: “We congratulate Bain and Gray on its evolution to employee ownership, which will safeguard the company’s culture and values.
“Businesses that give employees a larger say create a common purpose, which leaves them in a better position to adapt and evolve.
“Moreover, the evidence tells us that UK employee owned businesses are 8% to 12% more productive, as well as being more likely to recruit than non-employee owned businesses. We look forward to seeing Bain and Gray be equally successful.”
You can dive into more of the robust evidence backing up the many benefits of employee ownership via the EO Knowledge Programme.