June 6th, 2019.


You may well have seen the recent news that Richer Sounds‘ founder Julian Richer has sold his business to his employees. The news comes following a number of high-profile transitions in the last 18 months, with Sawday’s, Riverford Organics and Aardman Animations all making the decision to convert to the employee-ownership model.

Mr Richer described the decision as “doing the right thing”, so what is making an increasing number of founders consider employee ownership? Well, there is no one size that fits all but, in our experience, owners are often concerned to preserve the ethos and values of their business and see no better future owners than the employees who helped create it.

At a wider level, the employee-ownership approach also breaks down the traditional capitalist model, allowing those who work for the business to have a financial interest in its success and this “disruptor” aspect is attractive to many entrepreneurs.


For the full story at growthbusiness.co.uk CLICK HERE.