Claim OwnershipThe Employee Ownership Podcast
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Description
A series of podcasts about Employee Ownership produced by Co-operative Development Scotland in association with Scottish enterprise and Highland and Islands Scotland.
The podcasts will cover a range of issues around businesses becoming employee owned. We hear from businesses that have become employee owned and from businesses that are in the process of transitioning to employee ownership.
We will also hear from professional advisors who specialise in employee ownership.
These podcasts are intended to be a useful resource for business owners who are considering their succession planning and how they will exit their business.
The podcasts will cover a range of issues around businesses becoming employee owned. We hear from businesses that have become employee owned and from businesses that are in the process of transitioning to employee ownership.
We will also hear from professional advisors who specialise in employee ownership.
These podcasts are intended to be a useful resource for business owners who are considering their succession planning and how they will exit their business.
44 Episodes
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In this first episode, Dennis Overton, founder of Alness-based aquaculture firm Aquascot, provides an introduction to Employee Ownership and industry leadership group Scotland for Employee Ownership. He also offers insight into how and why Aquascot became employee-owned and what the impact has been on the business.
In this episode, Simon Poole from Jerba Campervans, an official Volkswagen registered vehicle body builder for the VW T6 Transporter, explains the decision behind the transition to employee ownership and the other options he explored. He goes on to talk about the aspects that worried him and how these worries were dispelled. He provides good insight into the process and at which point they decided to involve the employees. He then explains how the Employee Ownership Trust was set up and talks openly about some of the challenges along the way. Finally, he provides an update on the business since becoming employee-owned and what he would do differently if he was going through the process again.
In this episode, Andrew Harrison from Co-ownership Solutions explains the role and importance of an employee ownership adviser. He provides guidance on the right time to involve an employee ownership adviser in the discussions and where this adviser sits in relation to other professional advisers. He provides some valuable information on the options to be considered when exiting a business and the advantages to the seller and the employees if you opt for employee ownership. He then discusses the finance aspect of an employee ownership transaction and the potential tax advantages for both the seller and the employees. Finally, he talks about the cost of the transition process, the corporate governance structure and the important topic of retaining the company culture during and after the process.
In this episode, Karen Pickering from architectural practice, Page/Park explains how they moved from a partnership structure to an employee ownership structure. Karen outlines how they involved employees by setting up a 'Transition Group' and describes the culture change amongst employees since becoming employee owned. She also explains how the shares are now owned and touches on what they would do differently if they were to go through the process again. Finally, Karen gives her thoughts on why other business should look at the employee ownership model.
In this episode, father and son team, Stuart and Kenny Hutton talk about the rich history of the Priory Hotel in Beauly. Stuart talks about the exit options considered for the long-established family business and how that journey took him close to a trade sale just before they became aware of employee ownership. They decided that because of the strong ties with the local community, employee ownership was the perfect option. It is an enlightening insight into how the staff have responded to the transition to employee ownership and how Kenny still plays an important part in the business whilst his father has been able to exit the business.
This episode features Campbell Clark from Blackadders, a firm of solicitors with offices throughout Scotland that offer specialist services for businesses looking at employee ownership. Campbell begins by outlining why there has been increased interest in employee ownership and what other options are available to business owners seeking to exit their business. He then explains what's involved in an employee ownership deal and defines an Employee Ownership Trust. Campbell rounds up with some useful information about employee engagement, how these deals are traditionally financed, and his methodology when acting in an employee ownership deal.
This episode features an interview with Niall MacDonald from Aquascot, an award-winning seafood business based in the Scottish Highlands. Niall begins by outlining the owners decision to transition into employee ownership to ensure business longevity. Having taken the decision, Niall then talks through the various steps in the process and the structure of the trust that was put in place at Aquascot. He covers the mechanisms that were put in place to involve and engage with the employees and the formula that is in place to calculate tax free bonuses. Niall joined Aquascot after the transition process had begun, so he also talks about his experience of joining an employee owned business.
In this episode, Stuart Mills, form aerospace engineering company STAR-Dundee, talks about the company's transition to employee ownership. Stuart talks about the journey of the business from a spin-out from the University of Dundee through to employee ownership. He explains why they opted for employee ownership and what was involved in the process. He then explains the current structure and governance of the business and the positive impact on recruiting talented personnel to work for the company. He explains what they would do differently if they were to go through the process again, then concludes by recommending the option to business owners seeking to exit their business.
In this episode, managing director and former owner Kirsten Robeson from Cameron Interiors, a luxury kitchen design business, explains the decision behind the transition to employee ownership. Linzi Wilson from Consilium Chartered Accountants who was part of the transition team shares details on the deal itself.
In this episode, director John Atkinson from Guard Archaeology, a Scottish archaeology company, explains the decision behind the transition to employee ownership. Warren Bailie, one of the employee owners describes what the transition has meant for the employee base and employee ownership specialist Ralph Leishman from 4-consulting who project managed the transition shares details on the deal itself.
In this episode, former owner Helen Erwood from ESPL Regulatory Consulting, a specialist life science regulatory consultancy, explains the decision behind the transition to employee ownership. New Managing Director Jason Collins describes what the transition was like from his perspective. Employee ownership specialist Carole Leslie from Ownership Associates who project managed the transition shares details on the deal itself.
In this episode, Managing director and former majority shareholder Brian Gallacher from Pacific Building, a Glasgow construction and fit-out company, explains the decision behind the transition to employee ownership. Employee representative William Mcphee describes what the transition was like from an employee perspective. Employee ownership specialist Andrew Harrison from Co-ownership Solutions who project managed the transition shares details on the deal itself.
In this episode, Managing director and former owner Des Brown from GS Brown, a Fife engineering firm, explains the decision behind the transition to employee ownership. Employee ownership specialist Carole Leslie from Ownership Associates who project managed the transition shares details on the deal itself.
In this episode, Managing director and founder Hendrie Barbour from MHB Consultants, a Glasgow-based civil engineering firm, explains the decision behind the transition to employee ownership. Employee ownership specialist Andrew Harrison from Co-ownership Solutions who project managed the transition shares details on the deal itself.
In this episode, founder Philip Mowatt of ITWorx, a North East IT provider, explains the decision behind the transition to employee ownership. Employee ownership specialist Andrew Harrison from Co-ownership Solutions who project managed the transition shares details on the deal itself.
In this episode, the three main players in an employee ownership transaction talk through structuring a deal. Hear direct from Legal Expert Douglas Roberts from Lindsays, Accountant Colin Grant from Time2Adapt and employee ownership specialist and project manager Andrew Harrison from Co-ownership Solution.
In this episode, founders Angus & Shona Knight of Mediascape, a Glasgow-based audio-visual systems company, explains the decision behind the transition to employee ownership. Legal Expert Bruce Farquhar from Anderson Strathern who was part of the transition team shares details on the deal itself.
In this episode, Managing Director Fred Bowden and Sales Director Stuart Robertson from Woollard & Henry, an international supplier of quality equipment and solutions across multiple sectors, explain the move to employee ownership in 2002 and details their successful diversification and entry into new sectors and markets since then.
In this episode, Founder CEO Stephen Gill, and General Counsel Aaron Stewart from VME Coop, the leading software provider for retail co-ops in the UK, explain the decision behind the conversion to a co-operative EOT in 2019. They then go on to detail the co-operative governance and decision-making structure that was implemented at the same time.
In this episode, co-founder and Director Stefan Huber from Paul Heat Recovery Scotland, supplier of energy-efficient ventilation solutions for sustainable homes, explains the decision behind the transition to employee ownership in 2021.
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