Reflections on the EOA Conference 2024
The EOA Conference 2024 in Telford was a resounding success – bringing together the vibrant community of employee-owned businesses, facilitators, and thought leaders. Go EO’s
Articles and stories from the team at Go EO
The EOA Conference 2024 in Telford was a resounding success – bringing together the vibrant community of employee-owned businesses, facilitators, and thought leaders. Go EO’s
The below post is by Clayton Drotsky of Growth Crew. They help a company’s rising stars become the best leaders they can be. EOT sales
The below post is by Kate Mercer of Leaders Lab. They help build collaborative organisations, that work well for everyone’s benefit. Accountabilities ‘What is this
Go EO and the EOA conference The UK’s biggest Employee Ownership event is happening on 26 and 27 November in Telford this year. Bringing together
Everycare (Central Hants) Ltd sell to Employee Ownership Trust Websitehttps://www.everycarehants.co.uk/care/ EOT sale details100% sale on 30 September 2024 Office locationThe New Coach House,Taylors Yard,Sutton Scotnet,Winchester.
We’ve worked in conjunction with Dan Wardle of Surveylab to create a free employee engagement survey for anyone to use. As their name suggests, Surveylab
Unfortunately this can be a real pain point for companies becoming Employee Owned. Typically the trading company barely changes. It still employs the same people,
A Thousand Monkeys Ltd sell to Employee Ownership Trust Websitehttps://www.athousandmonkeys.co.uk/ EOT sale details100% sale on 31 May 2024 Office locationGreen Park,Exeter Crescent,Bournemouth Employee Ownership Trust
Below is a guest blog post by Simon Read, who works as a business broker. He helps sell professional service firms, ranging from sole traders
For a business to get off the ground, its founder must’ve had some good strengths. But sometimes, once that business is established, the founder can
Go EO helped Plus Finance Ltd sell to an Employee Ownership Trust What does the business doArrange finance solutions for companies moving offices or refurbishing/renovating
Many wild animals live in groups. They work as a team, looking after each other, for the benefit of the pack. It can work well,
Go EO helped Klimek Jewellers sell to an Employee Ownership Trust. Octa (UK) Ltd, trading as Klimek Jewellers, is based in Truro, Cornwall. The shop
Below is a guest blog post by Romesh Jeyaseelanayagam of The FD Consultant. They provide fractional finance directors to growing business. Giving the benefit of
You’re considering an EOT sale. Perhaps you’re sure it’s universally great news, so want to tell everyone ASAP? Or maybe you want to keep it
A question we get asked often is: “Should I retain a minority shareholding, and if so, how much?” There’s of course no correct answer to
The reflective period ushered in by the turn of the year, may be just what you, and your business, needs. The pace of life
27-28 November the annual Employee Ownership Association conference was held, in Liverpool. Like last year, we ensured we were there to absorb as much knowledge
Go EO helped Genesis UK.com Ltd sell to an Employee Ownership Trust Mike Stevens, the founder, kindly agreed for us to share a few key
Businesses aren’t all the same Some are well suited to being controlled by an Employee Ownership Trust. We discuss key features making a business suitable
Businesses aren’t all the same. Some are not well suited to being controlled by an Employee Ownership Trust. We discuss key features making a business
Go EO helped Kudos Records Ltd sell to an Employee Ownership Trust. The founder kindly agreed for us to share a few key details, together
A majority stake in a company being sold inevitably means a change of legal control. There’s lots of flexibility though in terms of day to
Go EO helped Redcliffe Imaging Ltd sell a controlling stake to an Employee Ownership Trust. The founder kindly agreed for us to share a few
In a word, “YES”! It’s a misconception that companies controlled by an Employee Ownership Trust will end up with lots of lazy staff. Why? Because
If you’re keen to avoid owner/worker divide, why not do it right from the start? Set up a company 100% owned by an Employee Ownership
What are the advantages? One advantage of running an employee-owned business you may not be aware of – you’re more attractive as a ‘case study’
What do we think? Of course, we think EOTs are great. But they can have issues. We recently spoke to the senior team of an
Many business owners say this proudly. Nobody else could do the amazing work/come up with the brilliant ideas they do. They may be right. But
Like the concept of EOTs but unsure where to start? There’s two main sides to consider: The legal/financial side You’ll need a professional firm to
Employee Ownership is an enormous field. Go to the annual EOA conference and you’ll be amazed at the variety of topics and opinions being discussed.
Acronyms can be confusing and mystifying at the best of times, and when it comes to business matters even more so! With regards to employee
The employee ownership market has been growing at an increasing rate over the past decade, but exactly how many Employee Ownership Trusts (EOTs) are there
Every employee who works for a company owned by an Employee Ownership Trust (EOT), is a beneficiary of the trust. That means they are entitled
The question of whether an Employee Ownership Trust (EOT) business can be sold is interesting. EOTs are a relatively new concept, at least in terms
Various news articles over the last decade have highlighted the number of businesses that have growing cash pools sitting in them. This includes huge corporates
Succession Planning There are a growing number of successful business owners in their 60s/70s, increasingly concerned about their succession plan. If the owner has children,
When a company transitions to being owned by an employee ownership trust (EOT), there are a number of changes to get used to. Not least
If you have thought long and hard about it, and come to the conclusion that you want your business to become employee-owned, then it is
One of the most commonly asked questions when it comes to employee-owned businesses is what happens to the profits in an EOT. Whilst EOTs will
The issue of who is the trustee of an EOT, can sometimes get a little diluted, when in fact the answer is quite simple. But
It can take a little time to get your head around the structure of an Employee Ownership Trust (EOT). Often this is due to some
Since they were effectively introduced by the Government in 2014, the number of businesses that have become controlled by Employee Ownership Trusts (EOTs) has grown
Are you considering applying for a job at an employee-owned company? Maybe you are thinking about buying something from, or using the services of an
Employee-owned businesses have a history that dates back almost a century in the UK, but it is only in recent years that the concept has
In the 1980-90s Dungeons & Dragons (and related games) were all the rage. Kids and adults loved them! Sometimes you’d fail, and die. No problem,
It’s perhaps obvious how staff benefit from an EOT ownership…but does the business itself do better? Evidence suggests “YES”, most businesses thrive under employee ownership!
Why don’t more businesses start as an EOT? Background Most guidance re Employee Ownership Trusts is about established businesses being sold, by the founder, to
Tracy got an offer she couldn’t refuse, ending in a deal she hated NB names and details are fictional. Any resemblance to actual persons or
Greg tried to grab it all, but got very little NB names and details are fictional. Any resemblance to actual persons or events is entirely
Key question is who “you” are in this scenario. Founder, senior manager, junior employee. Plus being financially “rich” is relative. Bill Gates might feel poor
It’s an argument occasionally used against employee ownership.Apparently these businesses can’t/don’t grow. The economist Larry Summers suggested in 2019 that co-ops/employee-owned (“EO”) businesses were at
Vanessa left them to it, a bit too literally NB names and details are fictional. Any resemblance to actual persons or events is entirely coincidental!
Pete inadvertently spread damaging ideas NB names and details are fictional. Any resemblance to actual persons or events is entirely coincidental! Background Pete had run
Terry wasn’t ready to take charge NB names and details are fictional. Any resemblance to actual persons or events is entirely coincidental! Background Terry’s not
Connor couldn’t let go, and it cost him NB names and details are fictional. Any resemblance to actual persons or events is entirely coincidental! Background
Jenny gave generously, and lost everything NB names and details are fictional. Any resemblance to actual persons or events is entirely coincidental! Background Jenny truly
Being part of something bigger than you. What EO means for staff It means being in a community of people working together for a common
It can be tricky to get your head round how the finances work in an EOT sale. You’ll hear things like:– founder gets paid fair
EOTs have some great tax perks. You’ve likely heard the headline, “no CGT”, and “tax free staff bonuses”. But are these true?What are the criteria?Any
The definition of a company being “Employee Owned” is: More than 50% of the company’s shares & voting rights are held directly or indirectly by
None of us live forever. Are you happy for your business to die with you? It doesn’t need to. What is succession planning? Succession planning
People get confused where money for an EOT comes from: How? What are the options for funding an EOT? In the long run, payment for
Was Mick “Crocodile” Dundee a fan of EOTs? Watch the below, see what you think. “Aborigines don’t own the land. They belong to it. It’s
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