Employee Owned Companies
Pett Franklin's multidisciplinary employee share scheme practice has been at the forefront of Government backed initiatives to encourage Employee Owned Companies.
We were appointed by the Department of Business Innovation and Skills (BIS) to prepare standard documentation for Employee Owned Companies. Copies of the documentation are available here and our work in this area was commended by the then-Deputy Prime Minister.
A practical example of a client that has converted into an Employee Owned Company and has benefited from our services is Aquascot Limited. Here is a video describing its transition to an Employee Owned Company.
Employee ownership can take various forms and in June 2013 we delivered a presentation to other employee share advisers on the operation of what is probably the world’s most successful workers cooperative the Mondragon cooperatives based in Northern Spain. This is a link to the Mondragon presentation.
We have also been at the forefront of advising companies in transitioning to the new Employee Ownership Trust model for the benefit of all employees.
How Pett Franklin can help
We can help design and implement new employee owned companies and advise how an existing company might make the transition to being an employee owned company