Monday 5 August 2024

Thrilling News For Spencers Agents!

Thrilling news for Spencers Agents!

We are delighted to inform our clients, customers, and friends that we have completed the sale of Spencers Agents to a trust to form an EOT (Employee Ownership Trust). We understand that we are the first estate agents in Sheffield to take this road and are pioneers for the company’s employees to take ownership of the company under the newly formed trust.

There are so many exciting reasons why an EOT is a good idea, and the lovely people at Hawsons Accountants and Knights have been incredible at guiding us through the process, and at advising all employees on their exciting future as owners of the company.

When you own and run a company as a sole director, there must be a clever exit strategy in mind, even if it is for ten years down the road, as ultimately you are solely responsible for all of the employees, their families, and their mortgages, so you can’t just decide to lock the door one day and walk away.

The truth about our team at Spencer is that all the people here care as much as I do, and this way they can really be part of the future of the company, and can reap any rewards for their loyalty and commitment to us as a family.

For our clients, this means that absolutely nothing changes, there won’t be a new fat cat company taking over and making changes, or increasing fees and prices, we will continue in exactly the same way as we have always done, the only difference being that when a sales caller asks to speak to the owner of the company, then they already are!

The structure of the new company sees me, Nicola Spencer, remaining as the Managing Director of the company and will still be at the helm. The success of the company means more than ever to me and more than ever to the team here so we are expecting an even brighter future.

If you would like to consider the EOT option for your company, we very highly recommend Scott Sanderson of Hawsons, and Paul Trudgill of Knights, who gave clear and reassuring advice right the way through the process.

Thank you to everyone involved and congratulations to the new staff who have officially adopted Spencer – long may the company continue to thrive and grow. 

www.spencersestatagents.co.uk 

Hawsons

Knights

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