Haremi Ltd becomes an employee-owned business
Haremi Ltd, the Cheltenham-based educational publishing services provider, announces that it has become an employee-owned business. Founded by Paul Farnworth in 2006, Haremi has grown to become one of the UK’s leading educational content creation services, working across the educational publishing, awarding body and professional membership sectors.
Daniel Scales becomes CEO, taking over from Paul, who is retiring from the business to spend more time with his family and pursue other interests. Daniel will manage Haremi along with the existing senior leadership team.
Haremi’s 42 employees are now indirect owners of the business, through a newly formed Employee Ownership Trust. Employee ownership is an increasingly popular option for business owners who are looking to retire and leave a legacy. Employee-owned businesses often benefit from higher levels of employee engagement, motivation and wellbeing, and increased productivity.
Paul commented “I am so proud of the team at Haremi – they are exceptionally talented and it’s such an exciting time for each of them to own a part of the successful and well-respected business they’ve all helped to build, and be part of a new era at Haremi. I leave the company in a wonderful position to help shape a post Covid-19 educational future.”
Daniel has been part of the Haremi team since 2007, having previously worked for Nelson Thornes, an educational publisher acquired by Oxford University Press in 2013. Daniel commented “The employee ownership model fits really well with our strong company values – one of which is ‘Achieving Together’. It’s such an exciting time for the Haremi team as the business becomes even more people focused. It’s great news for our customers too – they will benefit from our continued growth, innovation, and a team that’s fully invested in delivering an outstanding level of service.“