EOA publishes new data on the economic performance of employee ownership

4th July 2014 – The Employee Ownership Association (EOA), the voice of employee owned businesses in the UK, has today, UK Employee Ownership Day 2014, published compelling new data on the contribution that employee owned businesses make to the UK economy.

Compiled by Capital Strategies, The Employee Ownership Top 50 illustrates the performance of the largest 50 employee owned companies in the UK.

Speaking at the launch of the report EOA Chief Executive Iain Hasdell said: “Employee ownership contributes some £30bn to UK GDP each year and is a growing economic force. It is fitting that on UK Employee Ownership Day we are able to point, via the Top 50 data, to the higher productivity, profitability and employment levels of employee owned firms.

He continued: “The statistics we have published today provide further evidence that employee owned businesses outperform those that are externally owned. With 4.5% year on year productivity increases and 25% annual increases in profits employee owned businesses really are at the forefront of driving economic growth in the UK.”

Nigel Mason of Capital Strategies said:

“These are exciting times for employee ownership. The Employee Ownership Top 50 is a powerful addition to the body of information and knowledge highlighting the excellent performance of employee owned businesses. Capital Strategies is delighted to be associated with this initiative.”