Nursery World - Why employee-owned businesses are becoming a growing trend

Richard Cowley at advisor RM2 Employee Ownership outlines the process of transitioning a business to employee-ownership, highlighting the benefits for both staff and the business in the longer term.

Employees will be motivated by having a genuine stake in the future of their nursery. - Adobestock

As the owner of a business, when you start to consider your exit, instead of a third-party sale, there is the option to transition ownership to your colleagues, by selling to an Employee Ownership Trust (EOT).

This not only offers the best chance for the business to continue to flourish during your exit timeline, but after you finally leave it in the hands of the experienced employees who helped you build the business.

To transition your business to employee ownership, you must sell a controlling stake to your employees, but you can remain involved in its future, by retaining up to 49 per cent of the share capital yourself.

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