GS Verde Group is pleased to have advised on an Employee Ownership Buyout of an established Fibre Optic Engineering business, with its staff becoming majority shareholders of the business.

For over 15 years, the company has provided high-quality services to its clients including cabling, splicing, surveying, and spine jointing.

The EOT will mean that the company's employees now indirectly own 51% of the business through the creation of an Employee Ownership Trust. The move to Employee Ownership is a tangible recognition of the engineers, technicians and the whole team that have helped to build the business. This transaction will drive the business forward to further success and will lay the foundations for the next phase of growth.

Seen as a positive and 'friendly' path for a company, Employment Ownership has become an increasingly popular transaction in recent years. It aims to promote long-term, sustainable growth for your business by fostering genuine employee engagement through employees owning majority shares in a company. Setting up an EOT (Employee Ownership Trust) is the most common way to facilitate this type of transaction.

Employee Ownership is not only hugely beneficial for employees, but also for exiting or selling shareholders, and the future of the business.

GS Verde Group's multidiscipline team advised through every step of the process in becoming employee-owned, including valuation, HMRC compliance, due diligence, drafting agreements, creating the trust, and supporting the communication of the change to staff and stakeholders.

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 even communications, GS Verde acts as a single advisory team and provides a truly end-to-end service.