Company owners
If you're a company owner thinking of selling your business, employee ownership is an increasingly practical and popular option. A recent report from the DTI's Small Business Service - 'Passing the Baton' - says an employee buy-out is one of the main business succession options for company owners.
Companies facing ownership succession increasingly consider a sale to their workforce because:
A range of tax advantaged schemes, notably the Share Incentive Plan [or SIP], make structuring employee ownership or an employee buy-out feasible and rewarding for owner and employees alike.
Selling to the workforce is a way for owners to preserve the integrity and continuity of the business they've built up, while acknowledging the contribution of employees.
Employee buy-outs tend to have a better record of sustainability than management buy-outs, so the enterprise the owner created is more likely to survive.
Employee buy-outs are a lot less likely than a trade sale to result in closure of premises and production in local economies who may have come to rely on them for employment and commerce.
The Employee Ownership Association has helped numerous company owners to sell their companies to employees. Contact us to find out how we can help.