Wrigleys' expertise in advising on employee ownership
Solicitors at Wrigleys have been advising on the legal, trust and tax aspects of employee ownership since 1987.
What is employee ownership?
Employee ownership is where employees directly or indirectly own a meaningful stake in the business in which they work.
Who is employee ownership for?
-
Succession - A genuine option for a founder, partner or investor of a business who is looking to retire or move on.
-
New enterprises - An exciting model for new businesses.
-
Growing businesses - Introducing employees as part owners to help attract, retain, grow and motivate committed staff.
-
Rescue - An option for employees faced with a closure of their employer through insolvency or otherwise.
-
Outsourcing of public services - The Government’s reorganisation of a growing list of public services can mean a challenging and uncertain time for public sector staff, but also the potential for employee empowerment though forming Public Service Mutuals.
Is employee ownership a new idea?
Definitely not! The origins are global and date back to the early 20th century. Our solicitors have been advising on employee share ownership since 1987.
The sector is huge, has political support and is expanding – the Employee Ownership Association estimated in 2013 that the combined annual turnover of businesses that have employee ownership was in excess of £30 billion and growing.
Is employee ownership complex?
Not necessarily. An employee owned company is basically the same as any other company. The difference is that the employees make up more of the shareholders.
Further details are available in the Downloads tab in the menu at the top of the page, together with case studies showing the success that can be achieved.
Our team have written the following articles exploring Employee Ownership
In April 2021, our partner Malcolm Lynch spoke at a webinar organised by Employee Ownership Wales which focussed on the opportunity for dental businesses to become employee owned by using the Employee Ownership Trust approach. You can watch a recording of the webinar below.
‘What makes them stand out is their commitment to give the best advice and their accessibility whenever we need to call on them. We feel they are prepared to go the extra mile to support us and our charity’
Legal 500 (2022)
'The firm possesses a lot of knowledge, which they are able to impart in a very clear, concise and understandable way.'
Chambers and Partners (2022)
Case study - WAVE
Case study - Gateway OHS Limited
Case study - Jiffy Trucks Limited
Case Study - Albany Pumps
Case Study - Rowlinson Knitwear
Case Study - Watson Property Management
Employee Ownership Trusts
Case Study - Unity Trust
Case Study - Savant
The Basics
Public Service Mutuals
Professional Trustee
Employee Engagement Overview
Common models
