Episode 35 – Employee Ownership Trusts

Summary - Episode 35 – Employee Ownership Trusts

Ovation Finance are a firm of financial planners in Bristol. It was set up by Chris Budd and has very recently been sold to an Employee Ownership Trust. 

Chris talks to us about the steps that he took in order to prepare for this transition. This includes the four elements of the eternal pyramid and also the personal challenges that he faced. 

When considering succession planning an Employee Ownership Trust may not be something that immediately springs to mind but in this episode we look at the features, benefits and drawbacks of this option. 

Chris now works as a consultant helping other businesses with the process of employee onwership and you can get in touch with him on Twitter: @ovationchris

His website is http://www.ovationfinance.co.uk/

 

 

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Russ Haworth

Russ Haworth

I am a specialist family business adviser. I work with family businesses to help them to navigate the complexities that come from being in business together.

Whether it is governance, succession planning, family dynamics or any of the other challenges you may be facing, please get in touch. I can help

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