Matt Field
Published:
7:00 AM August 4, 2021
An Employee Ownership Trust may allow business owners to exit the business without selling out to a third party
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Matt Field, corporate finance adviser at specialist business advisory firm FRP in Norwich, explains why Employee Ownership Trusts are becoming an increasingly popular succession route.
Matt Field of FRP Advisory in Norwich says employee ownership trusts have many benefits
- Credit: SWNS
The popularity of employee ownership is not new. It was gaining momentum as a route to succession for businesses of all sizes and in all sectors before the COVID-19 pandemic, and in 2020 there were 104 new Employee Ownership Trusts (EOTs) set up in the UK. This is just one shy of the 105 established in 2019, according to a recent survey by the Employee Ownership Association.
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