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A Great Year for EO! 5/5 (1)

One in twenty of all business transitions is now to an Employee Ownership Trust! Every day in the UK a new SME (small to medium enterprise) is transferred to its employees. Scotland is continuing to see a steady increase in numbers with 18 new employee-owned companies in 2021. Ownership Associates is delighted to have supported 15 of these transactions introducing 512 new employee owners in Scotland.

So what does 2022 hold for employee ownership? Signs are that this growth will continue. There are at least three completions in January that will result in a total of 370 employee owners so that’s a pretty good start to the year! Interest remains high with a number of enquiries received already in 2022.

Many of these companies have been persuaded to follow this route because they have seen the results achieved by companies already in employee ownership. Despite the challenges of the past two years, Scotland’s employee-owned businesses have continued to demonstrate a resilience and spirit that has helped them survive the tough times, with many reporting strong results.

The most powerful advocate for more employee ownership in the economy is our employee-owned community. By being beacons of employee engagement, good working practices and successful business, Scotland’s employee owned companies are showing the way.

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