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...
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Eligibility criteria for employee ownership trusts (EOT)
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 (Employee Ownership Trusts) Tax Free Bonuses
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...
Employee Ownership “Dividends”
How are profits distributed following EOT ownership? EOT’s are a form of indirect company ownership and as such dividends would not get paid directly to employees should they become payable. When profits and cashflow allow, a contribution can be made to the trust...
Employee Ownership Trust Disadvantages
Disadvantages of EOTs for business owners EOTs are still a relatively modern concept and one which may seem quite overwhelming to some business owners. If not structured correctly, an EOT disposal could see exiting business owners waiting too long for their...
Why use an accountant as your lead EOT advisor?
If you are considering selling your company to an EOT, we would always advocate the use of a Lead EOT Advisor on your transaction but what is one and what do they do? What does it mean to be Lead EOT Advisor? The Lead EOT Advisor will oversee and manage the entire...
EOT Case Study – Essential Recruitment
The Hawsons Corporate Finance team acted as lead advisors for Essential Recruitment’s move to employee ownership. Essential Recruitment specialise in the supply of temporary and permanent staff to industry and commence. The company was founded in 2006 and now operates...
Why are retailers facing staff shortages?
Retail staff decrease Retailers have now resumed trading as they seek to get business back on track following the forced closures of the pandemic. However, since their return, they now face a new challenge, staff shortages. Recent data shows that in the second quarter...
UK’s independent stores record first rise in four years
Due to 5,251 chain stores closing during the first half of 2021. Many independent retail stores have decided to fill the gaps left resulting in the first rise in independent stores for the first time in four years. A new total of 804 independent retail stores opened...
Hawsons advise on sale of specialist engineering firm
The Hawsons Corporate Finance team has advised the shareholders of Denley Hydraulics on their sale to specialist engineering group, SCX. Denley Hydraulics is a specialist provider of bespoke electro-hydraulic systems to a variety of industries including aerospace,...
How can Small Local Retailers have a Successful Christmas?
Perhaps unsurprisingly, recent figures have shown that retail footfall declined in November and was expected to fall by 62% over the six-week period leading up to 22 December. This is clearly a very challenging period for the retail sector, especially for those small...
Has COVID-19 Changed our Spending Habits?
Introduction In this article, we are going to be discussing COVID-19 spending habits. The use of cash is declining quicker The amount of cash being used was decreasing before the coronavirus lockdown and the coronavirus pandemic has only sped this up. Customers are...