Britain’s very oldest family businesses have passed from generation to generation for almost half a millennium. But what’s the best form of transition when the next generation has other plans?
Employee ownership is becoming an ever-more popular way for owners to sell their business. In recent months, firms as varied as book producers, landscape gardeners and a niche operation doing luxury conversions of VW campervans have taken the decision to go down the route pioneered by John Lewis. Even shadow chancellor John McDonnell seems to want to get in on the act
Employee-owned businesses saw a major boost to their popularity once their advantages were enshrined in legislation through the Employee Ownership Trust in 2014. The EOT is a form of employee benefit trust, but with distinctive features and tax advantages.
We are delighted to announce that ThinCats is now a supporting member of the Employee Ownership Association (EOA) joining a network of over 330 businesses supporting an organisation which puts employees first.
Management buy-outs are a staple of the alternative lending industry, and ThinCats has been happy to help a large number of management teams make this happen. Employee buy-outs are somewhat rarer, but this is what has been successfully accomplished.