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Employee Ownership

Why become Employee Owned?

Employee ownership is rapidly becoming one of the most important developments in business ownership, and an increasingly attractive option for many organisations. For owners considering an exit or succession plan, employee ownership offers a tax incentivised exit with less stress and to a timescale of the owners’ choosing. As a growth strategy it can offer real purpose for the employees and a true sense of shared benefit – with additional employee tax incentives.

Read our Experience of Employee Ownership

Free Initial EO consultation (30 minute)

We offer a free thirty minute initial call, which can help identify whether or not employee ownership should be something that should be on your agenda as a succession or growth strategy. A call can quickly focus on some of the issues that may be pertinent to you and your business and help to determine if you should apply a little more time and resource to investigating thoroughly.

EO Discovery Session (half day)

With up to 3 hours of time available, our Employee Ownership team can work with you to consider the opportunities presented by Employee Ownership to your business. It is recommended that, if possible, the key shareholders and leadership team should take part in the session which facilitates a deep dive into the following themes:

  • your aspirations and motivations with the business
  • where the business is now and where it’s going
  • how an EO structure might fit your plans or where adjustments may be necessary
  • how EO can be utilised with or without direct incentivisation of management
  • how a communications plan can help drive employee engagement
  • overview of key tax opportunities
  • overview of financials in an EO project
  • timetabling of an EO project: short & sweet vs deep & meaningful

After the session a brief report will be provided identifying opportunities and challenges and an overview of an EO potential project for your business.

The cost of the Discover EO half day is fixed to £500 plus VAT. The cost will be discounted against any costs of subsequent engagement of Stephens Scown on an EO project for your business.

Times slots are necessarily limited and therefore please contact at your earliest opportunity!

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    Supporting Employee Ownership

    Being the first large law firm in the UK to become employee owned, and full members of the Employee Ownership Association, we understand first hand the intricacies of making a successful employee ownership transition. We draw on our experience and offer comprehensive support to other companies, from law firms to technology businesses, both locally and nationally, on their employee ownership projects. 

    Whether you have already started your journey, or are exploring employee ownership for your business, we support you throughout the process. The fixed price service delivered by our top ranked commercial team ensures employee ownership is embedded successfully; to ease your transition we provide training and guidance to your directors, trustees and key employees.

    Is Employee Ownership right for your business?

    The economic contribution of employee ownership in the UK is significant and growing, delivering a reported 4% of UK GDP annually. Employee owned businesses are thought to achieve higher productivity, greater levels of innovation and are more resilient to economic turbulence.

    You might be considering employee ownership for one or more of the following reasons:

    • A tax incentivised and reduced stress succession plan
    • An opportunity for succession where the business is sound but there’s no obvious trade buyer
    • Protecting and securing long term culture and values in the business
    • Instilling purpose in the company – “we really are all in it together”
    • Recognition for long term employee contributions
    • Building a stronger and more resilient company for the future
    • Maintaining independence of the business
    • Income tax-free profit sharing for employees
    • Start-ups – setting the ethos of a business from the beginning