Employee-owned businesses are more productive, more innovative, and more resilient to economic turbulence according to the Employee Ownership Association.
With at least 830 businesses in the UK currently employee-owned, and that number predicted to soar past 1,000 this year, our latest webinar with TheBusinessDesk.com examined the road to this increasingly popular route for businesses.
If you missed it, watch this insightful session, and hear from our expert panel on the key considerations for businesses thinking to make the move, including the financial and legal implications.
Our panellists discuss what they feel is driving the surge in employee-owned companies, from the impacts of the pandemic through to tax benefits, and increased awareness and lender support through to the changing demands of the multi-generational workforce.
Matthew Smith, CEO of BDB, an agency which Shawbrook helped transition to 100% employee ownership in 2021 said:
“A lot of businesses say, ‘we’re in it together’, but when they’re just lining the pockets of the business owner that’s difficult to authentically represent in this day and age. So EOTs are a path towards sharing the wealth among the people who contribute.”
Learn all about BDB’s experience and what Matthew advises are the most important considerations to ensuring a smooth transition.
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