IN THE PRESS: A West Yorkshire corporate finance boutique’s move to employee ownership has been named as Insider’s Deal of the Month for August.
Wakefield-based fds Director Services Limited was founded in 1989 and has since completed more than 400 transactions.
In the latest news from fds Director Services, Jo Haigh, Chairman and Founder of fds, passed ownership of the business to CEO Poonam Kaur and the existing team as part of the company’s succession planning.
All staff, subject to participation rules, have ownership of the business through the employee ownership trust (EOT). The EOT also has a trustee board that has final control over the operation of the business. The benefits of employee ownership trusts can be significant; by participating in an EOT, the staff at fds are given a stake in the company, a share in the profits and indirect ownership.
Jo Haigh said at the time of the deal: “Having started fds back in 1989, I am passionate about what happens to fds next, and I truly believe passing ownership of the company via an EOT to the team is the ideal way.” To view the original article by Insider, click here.
fds provides a full employee ownership service offering and the team are always happy to engage in a confidential discussion with anyone looking to understand the steps to transition to employee ownership.
If you are interested in understanding the employee ownership trust process further on your own terms, feel free to download our EOT digital download link here.