The Activate Solutions Group, which include Field Sales Solutions, has announced that its board and shareholders have made the decision to take the business into employee ownership.
The company highlighted that the move was a significant step in both securing and shaping the future strategy of the business and one that shares a material stake in the future success of the group with all its employees.
Julian Cordy, Group Chief Executive Officer, commented: “Over the last year we’ve taken the opportunity to reflect on our longer-term business strategy and the board concluded that this is an opportunity to embrace the benefits of broadening the ownership of the company to all our permanent field colleagues and head office teams. Over recent months we have been working hard to deliver the sale of the Group to an employee ownership trust as we consider that this is a direction which would fit well with our be Proud culture and for further enhancing our employee engagement.”
Mike Cottman – Chairman and founder, along with business partner Steve McQuillan, added: “Employee ownership affords a new and exciting opportunity for the Group, offering a natural succession to a privately-owned business and providing an incentive for everyone to be aligned to the future success of the Group. We are delighted, therefore, to announce that in February 2021, 100% of the shares in Activate Solutions Group Limited (the holding company of the Group) were transferred into the Activate Solutions Group Limited Employee Ownership Trust. This is a fantastic opportunity that allows us to share with employees the benefits and results of all the great work that the Group employees deliver.”
Employee Ownership for the group means that 100% of the shares have been sold to an Employee Ownership Trust and that all employees of the group who have been employed for a period of at least 6 months are now beneficiaries of the Employee Ownership Trust. This means that the employees will have the opportunity to share in the future value and profits of the business.
