Workers taking over Derbyshire firm set for £10,000 windfall
The company is inviting its employees to share ownership
Updated
Ascento founder Chris Ash (middle) believes the move will secure the companies future (Image: Ascento)
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Training firm Ascento says that its 20 employees will be given indirect ownership of the company through a trust, the likes of which could see its beneficiaries over £10,000 better off.
By John Hyde2021-05-19T10:55:00+01:00
A long established Oxford firm has transferred part of the business to its 40 staff members, in the latest legal transition to employee ownership. Hedges Law has joined the growing number of law firms to turn employees into custodians of the business through an ownership trust.
Managing director Nikki Poole said she had considered the move several years ago but did not feel it was the right time – but events of the past 15 months had brought about a change in approach.
‘When Covid-19 first hit last year, I really feared for the future of the business,’ she said. ‘With the world feeling as if it was coming to a shuddering halt in those first few scary months, I barely slept. The team at Hedges has been absolutely incredible and as we powered through the pandemic, looking after the needs of our clients as they navigated their own crises, I knew the best way to say thank you was to take the step to move to employee ownership.’
Synergy Vision becomes an employee-owned company
Majority shareholding will be held collectively in an employee ownership trust
Synergy Vision CEO Ffyona Dawber in the office
Medical communications agency Synergy Vision has announced that it is now an employee-owned company, with employees majority shareholding to now be held collectively in an employee ownership trust.
In a statement, Synergy Vision said the move will further empower its team to deliver long-term growth in an environment that ‘boosts staff engagement, innovation and motivation and safeguards the intrinsic values of the company’.
In 2019, Synergy Vision also completed a trial of its four-day working week initiative, making it a permanent change.