Different people start companies for different reasons, which invariably influences their exit strategy. Trade sales catch the headlines, but family succession, private equity sales and management buy-outs are all commonly used exit strategies. There is however, a developing approach which is creating significant interest. In the last six months (Summer19) Arbuckles Restaurants, Aardman Productions (the creator of Wallace and Gromit) and Richer Sounds, the electronics retailer, have all sold to Employee Ownership Trusts to create succession and an exit.
Establishing an Employee Ownership Trust (EOT) can be a great way for some owners to realise the value of their business whilst leaving a positive legacy through the remaining business. Our Employee Ownership Trusts guide provides a deep insight into to the advantages an EOT can offer to vendors, the forms and structure of employee ownership, funding and implementation.
Next Steps
Avondale are emerging mid-market (turnover £2 million plus) business advisors. Through our management consultancy, we support growth and scaling up. Through our M&A and corporate work, we secure investment and finance, help people buy and sell companies and enhance shareholder value. We recognise ambitious owners who require ambitious, specialist advisors.
If you would like to discuss Employee Ownership Trusts or any aspect of our services in confidence or would like some advice, please call +44(0)20 7788 8250, fill in our Contact Form or email us directly on av@avondale.co.uk.
