Now, as a business owner, you can get things started. It’s all about your vision, your options, your tax benefits, discovering what’s involved in the process and fleshing it out to ensure you achieve what you want.
The main reason business owners consider employee ownership is because they are looking for a solution for business succession. If you are looking ahead to the time when you will want to retire, the traditional options open to you have their downsides. You could sell to a competitor but this is unattractive and most trade sales often result in disruption to the company and potential relocation affecting jobs and customer relationships.
Then there is the option of a management buyout which would keep ownership within the firm, but in reality, only defer the issue of succession as at some point, that management team will also be looking for an exit.
Fortunately there is another option that delivers what you need, what the business needs and what your employees need.
SELLING THE BUSINESS TO YOUR EMPLOYEES MEANS:
The company can continue in a stable ownership model that is proven to provide a strong platform for success
Fair market value can be achieved at company sale
You can set the pace of your own exit from the company and you can influence the future shape of the company to a large extent
Employees know that as long as they continue to make the company commercially successful, their employment is safe
Customer and supplier relationships are maintained, and now that all employees have a stake in the business, everyone is committed to better service
The company remains local. Many businesses play an important role in their local communities. Employee ownership anchors the company in the area, providing jobs and opportunities for local people
There are taxation benefits for owners who sell to their employees
Have a broader understanding of employee ownership. Gain an insight into how to assess company performance Be better informed on the workings of trusts and share schemes. Have new and tried & tested ideas on making ownership work.
Return to the workplace energized and enthused.
What people say about us
Don’t just take our word for it, here are some quotes from people we have guided through the vision, transition and fruition of employee ownership.
"Carole has been an invaluable source to Stewartry Care for many years with her vast knowledge and experience of Employee Ownership and Governance, she has supported Directors and Trustee’s in the past and continues to guide people who are new to this role, she has helped establish one of the best environments / cultures to work in and is well respected by our Employee Owners. Carole has been influential in achieving our high levels of employee engagement and the company’s continued success."
"Carole’s support and guidance ensured our transition to employee ownership was smooth and trouble free. Her ongoing assistance has helped us immensely in our employee ownership journey."
"A very well organised, fun event in a lovely location. Great opportunity to speak to other companies in similar situation and hear of their own individual experiences."
"Ownership Associates gave me a better understanding of the roles in an EO business."
"A really interesting and stimulating event which has given me a great insight into getting EO to work properly in an EO company."
"very valuable and informative, I think all employees should attend at some point"
ASK THE EXPERTS
As you move through our website you will be able to access our special Ask The Experts Forum where you will be able to get obligation-free advice pertinent to your particular circumstance.
LET’S MAKE IT HAPPEN
You can get things started. It’s all about your vision, your options, your tax benefits, discovering what’s involved in the process and fleshing it out to ensure you achieve what you want.