When I first thought about selling the business, it was important to tick a lot of boxes – not just financially, but I also wanted to look after the people here – the people who had helped to make this business the success that it is. I wanted to make sure I did ‘the right thing’ for them – to leave a legacy and to always be welcome back at the business. I could not leave on a Friday afternoon and just not come in again on the following Monday morning because I know that the company deserves a lot more than that.
So, after discussing this with Shorts, they introduced me to the idea of selling my business to an Employee Ownership Trust and how this might tick all my boxes and that was that – it just felt right. So, whilst an EOT was never a consideration for me in the early days, it actually ticked all the boxes, not just a few, but all of them.
It was the right thing to do for the people and for the long-term continuity of the business.