Owning and managing a care home is about more than just business—it’s about people, legacy, and ensuring financial stability in a constantly evolving sector. In Sheffield and the surrounding areas, many care homeowners are facing pivotal decisions about the future: Is...
Selling a care home is a complex process and to undertake it successfully requires a deep understanding of both the care sector and real estate market together with specialist knowledge of company sales and their tax consequences. The process of selling a care home...
Hawsons Corporate Finance had the pleasure of supporting Home Utility Group Limited (“HUG”), a well-established heating, ventilation and air conditioning (“HVAC”) systems distributor and installer, during its transition to Employee Ownership. About Home Utility...
Deal Completed – 2023 Hawsons Corporate Finance had the pleasure of supporting Hi-Tech Automation Limited (“Hi-Tech”), a well-established automation intelligence company, during its transition to Employee Ownership. The company, based in Kettering, Northamptonshire,...
Funding an EOT To fund an EOT transaction, the business would generally utilise surplus cash held in the business as initial consideration, whilst deferring the remaining amounts payable (typically paid in monthly installments) throughout a pre-defined future period...
Basics of an EOT An EOT is a trust that acquires shares in a company which are then held on behalf of the employees. It is an increasingly popular exit strategy for shareholders which offers attractive tax incentives and peace of mind over the future of the business...
Deal Completed – 2023 Hawsons Corporate Finance had the pleasure of supporting Caring Hands (Care Services) Limited (“Caring Hands”), a well-established domiciliary care business, with their transition to Employee Ownership. Based in Alfreton, Derbyshire, the company...
Why has the qualifying criteria been put in place? The economic contribution of employee-owned businesses in the UK is significant and growing. Greater productivity and higher levels of innovation whilst being more resilient to economic turbulence are some of the...
EOTs and Tax-Free Bonuses In this article, we discuss the tax-free bonuses that employees could benefit from in an employee-owned company. Under a qualifying EOT structure, as indirect owners, the employees are eligible to receive a share of the profits of the...
In this article, we are going to discuss the benefits to employees of a company owned by an EOT, compared to a more traditional limited company or partnership. What does being in an EOT mean for an employee? Employees of a trading company (or group) owned by an EOT do...
Who are the trustees of an employee ownership trust? The trustees are the directors of the corporate trustee company which holds the shares in the trading company/group. Their role is to ensure that the company is being managed (by the directors of the trading...
Accounting treatment of an EOT The EOT becomes the owner of the company, usually via a corporate trustee company (“the Trust”) set up to hold the acquired shares. The trust is administered by trustees on behalf of the employees, these trustees are statutory directors...