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What is Employee Ownership?

Employee owned enterprises are businesses which are totally or significantly owned by their employees. In our case, we are 75% owned by our employees and 25% owned by the family who founded our Employee Ownership Trust.

The economic contribution of employee ownership in the UK is significant and is growing. Employee ownership delivers 4% of UK GDP annually. On average, employee owned businesses achieve higher productivity and greater levels of innovation and are more resilient to economic turbulence than businesses with other forms of ownership. They also have workforces who are more engaged, more fulfilled and less stressed.

Employee ownership can take one of three forms:

In our case, we have adopted the indirect model where the controlling shares in our organisation are held for the benefit of present and future employees in a Trust. The Trust has seven directors including an independent director and three directors who are directly elected from among our employees in a ballot of all our employees.

Benefits of Employee Ownership

Research has shown that employee owned businesses

For further information, please see the Employee Ownership Association website:

www.employeeownership.co.uk

[With thanks to the Employee Ownership Association]