Employee Ownership

In a move securing its long-term future, Edinburgh-based 7N Architects has transitioned to employee ownership. The establishment of an employee ownership trust (EOT) sees founder Ewan Anderson transferring his entire shareholding to a trust representing all 24 employees, embracing a model often like

DITT Construction Ltd, a Shetland-based construction company, has transferred its entire shareholding to an employee ownership trust (EOT).

Consilium Chartered Accountants has advised EDC Group on the successful transition to an employee ownership trust (EOT). Consilium provided corporate finance and tax advisory services to the outgoing owners of the business who have now sold 100% of the company shares to the trust.

Scott and Fyfe, an employee-owned technical textiles company, celebrating its 160th anniversary, has announced "impressive" profits despite a highly challenging year. The Tayport-based firm started out as a linen works in 1864. Today, with a clear focus on design and innovation, the company&rsq

Glasgow-based business software solutions firm Cofficient has announced its transition to an employee-owned company. By placing ownership directly in the hands of employees, Cofficient aims to foster an environment that fuels innovation and exceptional client service. The dedicated team, now with a

Scottish healthcare manufacturer E & O Laboratories Limited has become the latest business to move to an Employee Ownership Trust. Founded in 1990 by Virginia Lucey, the company has become a brand recognised throughout the UK diagnostic sector and across 36 countries worldwide.

The EDC group of companies, comprising EDC Scotland, EDC North East, and EDC Air Compressors, has announced its transition to an employee ownership trust (EOT) model after over two decades in business. EDC supply, install and repair ABB variable speed drives and motors and conduct instrumentation ca

Aberdeen-based engineered leak sealing solution specialist Kinetics Controls and Innovation Ltd (KCI) has announced the transfer of shareholding to an Employee Ownership Trust (EOT). The move aims to guarantee collective success for employees and the company while ensuring a seamless transition

Glasgow-based architectural firm Keppie Design has transitioned its entire shareholding to an employee ownership trust (EOT), making it the latest Scottish company to adopt this ownership structure. More than 100 staff are set to become part-owners of the business. Founded in 1854 by John Honeyman,

Wright, Johnston & Mackenzie advised on Sharles Chartered Accountants' transition to employee ownership at the end of 2023. Sharles Chartered Accountants, a well-established firm with a 60-year legacy in Lanarkshire, has been a cornerstone in the local business community.

Long serving Scottish motor dealer, Helensburgh Toyota has set out on a new journey under staff ownership after being sold to a trust formed by its 34 employees. The independent dealer that has held the Toyota franchise for over 45 years is recognised as one of the franchise’s top performers f

Aberdeen-headquartered IT managed service provider ITWORX UK has celebrated a record turnover year and a decade of dedication from one of its team members. The organisation has reported a £4.6 million turnover for 2022/23 which is 40% growth against the previous 12 months.

Employee-owned Woollard & Henry has celebrated 150 years of continuous business. The company, based at Stoneywood Park in Dyce, has strong roots in the paper sector, manufacturing and servicing Dandy Rolls for paper mills. The Dandy Roll is the device that inserts watermarks in paper.

“Rigorous” rules are required to prevent the exploitation of Employee-Ownership Trust (EOT) tax benefits, says the Chartered Institute of Taxation (CIOT). EOTs, along with EBTs (Employee Benefit Trusts), are government initiatives which allow business owners the opportunity to sell their

While one trades in steel and the other in numbers, two more Scottish firms - Alexander (Scotland) & Co and Glen Drummond Chartered Accountants - have opted to become employee owned, handing their respective employees a 100% share via the creation of an employee ownership trust (EOT). It is a ch