Focus Management Consultants becomes employee-owned business
Focus Management Consultants is transitioning to employee ownership after establishing an Employee Ownership Trust (EOT) and transferring majority ownership (90%) of the business to its employees.
Focus’ transition to employee ownership comes at a time of growth and development for the business
Stephen Jones, managing director and founder of Focus, said, "After many years of researching the employee ownership model, we adopted the scheme as I wanted a business model that recognises and rewards the joint commitment and success of our team. I believe this is a progressive move that will benefit every employee for their efforts, trust and commitment, as it provides a greater drive and momentum to secure the long-term success of the business.
“After trading for 30 years, I’ve learned the most important asset of the business is the team. The reality of joint ownership has given fresh impetus into what was already a progressive and ambitious business and we are actively looking to recruit more Co-owners to join us as we continue our growth strategy. I’m proud to continue supporting and working with my fellow Co-Owners to build on our success as we continue to deliver a top-quality service for our clients.”
Research from the Employee Ownership Association shows there are over 400 employee-owned businesses in the UK, with over 300,000 employee-owners contributing over £3billion to UK GDP each year. The findings from the Ownership Dividend Report, published following a year-long national inquiry into employee ownership, showed employee-owned businesses are more productive, have higher levels of staff engagement and are more resilient during periods of economic downturn.
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