We are very proud to have supported another successful firm, Wavehill, to switch to an employee-owned model. The Aberaeron-based social and economic research company has made the transition in order to cement its team-orientated ethos and business approach.

Transitioning to the Employee Ownership model is proving to be a smart move for businesses across all sectors, and in recent years the model has proved particularly popular with those looking to sell their business in the care sector.

There are many reasons why an increasing number of firms are opting to switch to an Employee Ownership model. The most important reasons often cited are: to ensure smooth business succession and to reward and engage a valued workforce. However, the fact that firms can benefit from Capital Gains Tax relief when they transition to Employee Ownership doesn’t go unnoticed.

Considering switching your business to an Employee Ownership model? You are not alone. More and more savvy business owners are opting for the EO structure, in order to reward their valued teams, create a clear path for succession and to benefit from tax incentives. If you are deliberating over the structure your EO scheme should take, here are some pointers.

We are delighted to have supported another Welsh business to become employee owned.