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Exit Options | Webinars

Business Exit Series: A guide to EOTs

In our final webinar in our series on exit strategies for recruitment business owners, we’ll explore Employee Ownership Trusts (EOTs).

Reading Time: 3 minMarie PegramNovember 21, 2023
Team cheers in office setting

Watch the recording of the final webinar in our insightful series focusing on exit strategies for recruitment business owners. In this session, we delve deep into the world of Employee Ownership Trusts (EOTs) – a burgeoning pathway to shared success. This webinar originally took place on 7th November 2023.

Key Topics:

  • EOT Explained: Grasp a clear understanding of EOTs and how they empower employees, nurturing an environment of shared prosperity and commitment.
  • Sale Mechanism: Navigate the specifics of how a sale to an EOT is conducted.
  • Rising Popularity: Understand why EOTs have more than doubled in size between 2020-2022 and the factors driving this exponential growth.
  • Unique Benefits: Unpack the myriad benefits, from tax advantages to preserving company culture and legacy, that EOTs offer over traditional exit options.
  • Funding Challenges: Delve into the intricacies of funding an EOT sale and strategies like deferred consideration to overcome these hurdles.
  • Potential Risks: Equip yourself with knowledge about the potential pitfalls for sellers, especially around relinquishing control and relying on the company’s continued profitability.

Employee Ownership Trusts offer a compelling way for business owners to create a lasting legacy while simultaneously motivating and rewarding their team. As EOTs gain traction, it’s crucial for business stakeholders to be well-informed about this promising exit strategy.

Panel:

Marie Pegram, Partner, Recruitment Accountants

Marie is Partner at Recruitment Accountants, as a recruitment sector expert, she knows the ins and outs of this industry and provides a fully encompassing service which includes everything from general accountancy and tax compliance, through to corporate finance and outsourced FD services. 

Marie actively supports the recruitment sector through their APSCo membership and other recruitment networks. She frequently speaks at industry events and is currently a judge for the prestigious APSCo awards, recognising excellence in the recruitment industry.  

Alison Price, Tax Partner, Recruitment Accountants

As tax partner, Alison’s main role is providing tax advisory and compliance services to corporate clients. 

Alison Price is both a Fellow member (FCA) of ICAEW and a Chartered Tax Advisor (CTA). 

Alison’s career began over 20 years ago, she trained and qualified as an auditor with a national firm based in Surrey. After a relocation to Cambridgeshire, Alison joined a local firm where she concentrated on working with owner-managed businesses focussing on all business tax issues.

Emily Alston, Senior Manager, Baxendale Employee Ownership

Emily is an employee ownership consultant and Senior Manager with Baxendale Employee Ownership. Emily advises businesses exploring and transitioning into employee ownership and supports employee-owned businesses post-transition.

In a previous role as a Director of an SME manufacturing business, Emily project-managed their move into employee ownership via an Employee Ownership Trust. The move allowed their founder to exit on his own terms and the business to retain its unique ethos and remain in the area in which it was founded.  Inspired by what she had learned about employee ownership, Emily then went on to join the Board of the Employee Ownership Association, working with many other EO businesses and acting as an advocate for employee ownership with businesses, advisers and government.

Emily has experienced employee ownership at work in businesses of all sizes, across all sectors and with many varied ownership structures.  Her experience in the sector enables her to advise on approaches to employee ownership to fit each business and to provide valuable insight into the ways that employee owned businesses can operate in practice.

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