LET US GUIDE YOU ON YOUR EMPLOYEE OWNERSHIP JOURNEY
Employee Ownership Trusts continue to grow in popularity as an alternative to a third-party sale. As a business owner evaluating succession, you may wish to consider sharing ownership of your company with your employees, by selling some or all of the shares that you own to an employee ownership trust (EOT).
Providing a set of qualifying conditions are met, a sale to an EOT is considered an alternative exit route and one with many advantages. It leaves the company in the hands of those who know it most; it benefits the employees in several ways; the seller can be part of the business post-sale; and the consideration for the sale shares that the seller receives is exempt from capital gains tax.
WHAT WE CAN DO FOR YOU
As champions of EOTS, we can provide comprehensive advice throughout your EOT journey from pre-transaction planning to beyond completion. We have a wealth of experience in a sale to an EOT. Our hands on, simplified and hassle-free transaction process will ensure you remain in charge at all times.
WHO WE WORK WITH
We work with businesses of all shapes and sizes in many industries including architects, business consultants, creative agencies and glazing companies.
We would love to hear from you on how we can assist you with your EOT journey.
WE ASSIST, GUIDE,
AND ADVISE WITH:
- Succession planning
- Planning and creation of the Employee Ownership Trust
- Advice on the identity of trustees and their appointment
- Drafting the EOT trust deed, share purchase agreement and other transaction documents
- Post transaction support on filings and company secretarial support
- Implementation of tax-advantaged share scheme
- Project management of the process to completion
The EOT route was the perfect vehicle for us to transfer the business to the new management team and to enable them to grow from the current excellent sales platform – the new energy and enthusiasm is palpable. This is strongly correlated to the support provided throughout by Tracy and her team. We have been very impressed not just by her knowledge, but the efficient way she explained matters in plain English. We have found elsewhere that lawyers can complicate issues, so I have been impressed by the way Tracy has helped us through the many legal documents with patience and clarity, while responding quickly and accurately to any amendments agreed.
Tracy and the wider EMW team have been excellent. Advice has always been clear and concise and no question too silly or request for help too small. Woods Hardwick Ltd have been working with EMW since the last MBO and would highly recommend their services to anyone looking for help.