A Message from our CEO
FAQs
Everything you need to know about our EOT should be answered in the FAQs below.
Moving to employee ownership secures the long-term future of the business, keeps it independent, and recognises the hard work and commitment of our team. Importantly for our customers and suppliers, the EOT will provide continuity and ensures that future success is shared with the people who help create it every day. We believe that we have built a strong, productive culture at Booth Welsh and the EOT reinforces that for the benefit of all our stakeholders
An EOT is a special type of trust set up to own a business on behalf of all its employees. Instead of having private shareholders or being owned by a single person, the business is held collectively in Trust for the interests of everyone who works in it. The company will continue to operate like any other private business, led by an executive board of directors and managed by our professional and committed management team.
The EOT was introduced by the Coalition Government in 2014. There are now more than 2500 companies in the UK structured this way. Research demonstrates that companies controlled by an EOT tend to be more successful and sustainable than conventionally structured businesses.
You should notice no change to the products, services, or quality you receive. Our leadership team and staff remain the same, and our focus on customer service is as strong as ever. Indeed, it is likely that you may see an even greater level of dedication and responsiveness as every one of our staff will have a stake in the business.
The business has not been sold to another company or investor. Instead, the shareholding has transferred to the EOT, which will hold the shares permanently for the benefit of employees. The company remains the same legal entity. Our company registration number, VAT number and bank account details will not change.
No. All existing agreements, pricing structures, and service commitments remain unchanged. You will continue to deal with the same individuals as before.
Employee-owned businesses often enjoy higher levels of staff engagement and lower turnover, meaning you get continuity from a team that truly cares. This model also supports long-term planning and investment, which helps us to continually improve the service we offer you.