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.
No comments:
Post a Comment