Employee ownership has been around for many years with names like John Lewis and Scott Bader bringing to life their version of shared capitalism or a ‘third way’.
The sector has seen real growth in recent years driven by a resurgence of values-led entrepreneurs. It received a boost with the introduction of the 2014 finance act. This removed the disincentive for owners to sell their businesses into the ‘trust’ of their employees. Recent converts have included Riverford Organics, Aardman Animation, and Richer Sounds.
The key data indicates employee owned businesses enjoy greater success, higher employee satisfaction and retention, greater productivity and resilience, and improved customer loyalty.
It is understandable that an owner would want real clarity about how employee ownership might fit with their vision for their business and indeed whether it is the right step. This course will give you the information you need to plan your next steps.
The price of the residential is £2,000.
J Gadd Associates is an experienced and well-respected consultancy who successfully support owners and their organisations realise their vision to transition into employee ownership. Their support covers all aspects of planning, engaging and enabling all the stakeholders to bring to life the new structure. Based on many years working within the sector and having supported over 40 businesses to develop a version of employee ownership that fits with their values and culture. J Gadd Associates approach is underpinned by accredited academic research and wide ranging experience.
Here are just a few of the organisations they have supported so far: Riverford Organics / Aardman Animations / The Rooflight Company / Community Dental Services / The Land Use Consultancy / Tapestry Compliance / LDA Design.
Ben Watson leads the Tax & Incentives practice at law firm TLT and advises on all types of share schemes and employee equity arrangements. He has designed and delivered incentives for start-ups, unlisted and fully listed clients (including FTSE100 clients). He is a specialist in employee ownership and has acted on a number of employee ownership transactions, including the sale of Aardman Animations. He helped establish the regional network meetings of the Employee Ownership Association.
Simon Crichton is acting head of business banking at Triodos Bank. He joined the organisation in 2009, and has experience of working with a wide range of sustainable businesses – across agriculture, green building and development, green tourism and sustainable commerce. In 2018, he worked with Guy Singh-Watson to provide financial support for Riverford Organic Farmers to transfer ownership of the company to its employees.