Smooth Employee Ownership Switch for Wavehill

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.

Wavehill, which was established in 1992 with offices in Aberaeron, Bristol, Newcastle and London, has developed a strong reputation and proven expertise in the fields of social and economic research, evaluation and impact assessment. The company made the transition with the support our fully-funded service offering help and support on Employee Ownership and Share Schemes to Welsh businesses. They were further supported throughout the transition by Acuity Law and by BPU Chartered Accountants.

Taking this route was a natural progression of the Wavehill company ethos and has become a true win/win transaction for all parties involved, and we thank Mark, the Founder and Director of Wavehill, for trusting us to help manage the process. Many companies in Wales are recognising that the Employee Ownership the model is a smart choice for them, particularly if they have been grown from seed, have a sense of responsibility towards their employees, and want to support and to retain local jobs. We would encourage other business owners to get in touch to find out how Employee Ownership could support their business to thrive.

Founder Director of Wavehill, Mark Willis, said: “We have clear company values, an extremely strong ethic and a culture based on collaboration and respect, so when it came to continuity and succession planning, becoming employee owned was a natural progression. For us, it’s a commitment to our team, a number of whom have been with us for many years and have been instrumental to our success. We want to empower them; share in the success that we’ve built and make our employees feel invested in our continued growth.”

Employee Ownership Wales is a service provided as part of Social Business Wales which is delivered by the Wales Co-operative Centre and funded by the European Regional development Fund through Welsh Government. We’ve advised over 50 companies in Wales on ownership transition including the likes of Tregroes Waffles and independent TV production company, Cwmni Da. Get in touch today if you’d like to explore your employee ownership options.

For more information about Wavehill go to: https://www.wavehill.com/

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