An established Telecommunications company has successfully completed an Employee Ownership Trust (EOT), in a deal advised on by GS Verde Group.

With over 20 years of experience installing and maintaining Fibre Optic networks for its customers, the Wales-based company provides various services such as Fibre testing, splicing and cabling.

This significant milestone presents the business with an opportunity to secure its long-term success and show commitment to its employees by fostering a sustainable work environment.

Employee Ownership Trusts (EOTs) are advantageous and unique, offering employees the chance to become more engaged in their company's performance and success. By offering employees a majority stake in your business and involving them in the decision-making process, EOT's can help create a sense of employee responsibility while maintaining a high level of customer service.

In recent years, EOT's have grown in popularity and have gained a positive reputation for being a favourable route for businesses to go down due to its friendly and inclusive approach.

The EOT model supports sustainable success for businesses by producing greater employee incentives within the workplace and is highly beneficial for exiting shareholders when it comes to the business's long-term goals.

Setting up an Employee Ownership Trust (EOT) is the most common and effective way to facilitate this type of deal. Managed by various trustees, which include employee representatives and former shareholders, the trust enables business owners to retain some involvement and control. After the shares are sold, the trust proceeds to take control on behalf of employees to create a seamless and smooth transition into ownership.

GS Verde Group was pleased to support the company through every stage of the EOT and help strengthen its long-term goals.

The GS Verde Group are business-focused experts in getting deals done. Combining all the services needed to complete a corporate transaction, including legal, corporate finance, tax, accountancy and communications, GS Verde Group acts as a complete advisory team and provides a truly end-to-end service.