This innovative move will place us alongside a select group of companies who put their employees at the heart of their organisation. Tooley Foster will no longer be a partner-based organisation from 6 April this year, but will instead take the form of an Employee Owned Trust
What is Employee Ownership?
Employee owned businesses are totally or significantly owned by their employees. They can take a few different shapes, but for us it made sense to set up an Employee Trust in which all the company shares are held collectively on behalf of the employees.
The economic contribution of employee ownership in the UK is significant and growing. Employee ownership delivers 4% of UK GDP annually. Employee owned businesses achieve higher productivity and greater levels of innovation and are more resistant to economic turbulence. They also have a more engaged, more fulfilled and less stressed workforce.
What does this mean for you
You won’t notice any difference when dealing with us day to day and we are, of course, offering the same range of services and 1:1 attention. But we believe this exciting move brings us in line with our core values and our vision for Tooley Foster.
Despite the pandemic we have continued to welcome new staff, create new roles, while expanding our range of services. We have enhanced our medical facilities expertise by developing an exciting new wing of the business; and our award winning Passivhaus team continues to go from strength to strength, culminating in May, with the handover of the country’s first certified Passivhaus Health Centre.
The new EOT structure will enhance this progression, allowing us to adapt to the new challenges we will face in 2021 and beyond.
Interested in joining us; find out more about the benefits of employee ownership from Baxendale in their latest video.
