Guest Blog

This is for articles submitted by key contributors to the EOA

Our culture is essential for our sustainable growth

Gripple Culture
By Michael Hodgson, Gripple Gripple is 100% employee owned, which means that every one of our employees has a vested interest in it and play a significant part in our growth. Founder of Gripple, Hugh Facey OBE once said: “Look after the people and the business will look after itself,” which is one of the key beliefs within the business In our 30th year of trading, we have a proven model for sustainable growth, which is driven by our people. Through that growth, our shared values remain the same and we expect our people to be passionate, team players that are ...

Read More

Employee Ownership Top 50 commentary

by Nigel Mason, RM2 It’s been an interesting year with conversations about employee ownership and employee share ownership in the political mainstream. At the same time the squeeze on the High Street has seen many household names such as House of Fraser collapsing into administration and Debenhams reducing its number of stores by 50 after a string of profit warnings. While our own number one in the Top 50 largest employee owned businesses, retailer John Lewis Partnership, has also seen a fall in both profits and head count, its independence and stable trust ...

Read More

Baxendale’s 10 Key Benefits of Employee Ownership

Baxendale’s 10 Key Benefits of Employee Ownership 1: Continuity When becoming employee owned, the business continues with minimal disruption, unlike the alternatives to selling to employees. 2: A fair price You don’t need to find a buyer and convince outsiders of the value of the business; your employees are already aware of its potential and will pay a fair price. A misconception is that selling to employees means selling at a discount. 3: Financial incentives There are tax breaks – introduced in the Finance Act of 2014 – when you sell to an ...

Read More

Guest Blog; Chris Budd, The Eternal Business

In June 2017, I had reached a point of great frustration with the business I had founded in 2000, financial planning company Ovation Finance Ltd. For the previous seven years, I had been following a deliberate plan of making myself the least important person in my business. My original objective was to eventually perform only the roles that I enjoyed. Ultimately, however, I came to realise that the bigger picture was succession planning, and in particular the fact that I didn’t actually want to sell the business. Instead, I wanted to see it continue after I left. I ...

Read More

Guest Blog | The EOA Awards – A Judge’s Thoughts

As a first-time judge last year and after being fortunate enough to be invited back to judge again this year, I’ve been asked to share a few thoughts on the judging process with the aim of encouraging employee-owners from all corners of the UK economy to consider entering this year’s UK Employee Ownership Awards. As ever, the winners will be announced at the Gala dinner of the EOA Annual Conference in November - the highlight of a great evening that celebrates the best of our sector. Entries for the Awards close on Tuesday, July 24th, so there’s still time to ...

Read More