Member News – Synergy Vision becomes an EO Company
Medical communications specialist Synergy Vision (SV) is now an employee-owned (EO) company, joining a growing movement that includes Aardman Animations, John Lewis, PwC and Riverford Organics.
It is a definitive move that further empowers the team to drive long-term growth and deliver the difference for clients in an environment that boosts staff engagement, innovation and motivation and safeguards the intrinsic values of the company.
Since inception, a people-focused ethos has been intrinsic to SV. This is most recently evidenced by trailblazing initiatives, such as the four-day working week, successful since 2018, and its Investors in People platinum accreditation in 2020, which place it in the top two per cent of UK companies and number one in its sector.
The SV team will now have an even greater voice in running the business, with their majority shareholding held collectively in an employee ownership trust (EOT) and a direct link between company productivity and bonus/profit share for all. Richard Maver, Senior Medical Writer, has been appointed as employee representative on the EOT.
Ffyona Dawber, SV founder and CEO explains: “EO is a natural step forward for SV. We have transferred 87.5% of the company to our employees, which protects our people-focused ethos and will drive continued innovation for clients as well as growth and long-term sustainability. EO secures the future for SV and is a legacy of which we are immensely proud.”
Deb Oxley Chief Executive of the Employee Ownership Association (EOA) comments: “It is pleasing to see a successful medium-sized business, such as SV, recognizing the inherent benefits in employee ownership over selling to a larger group. There has never been a more important time for organizations to stay agile and focused on their purpose and uniting the SV team through ownership can only pay dividends.”