Occupational Health service provider “All Health Matters Limited” has become the latest company to embrace the increasingly popular business model of employee ownership, by creating an Employee Ownership Trust [EOT], which now owns 100% of the shares in the £1.5m business set up by Gill Monk in 2010. The Trust will be governed by five Directors, three of whom are employees.
All direct employees of the business have become beneficiaries of the Trust and are able to receive tax free bonuses of up to £3,600 each year. Each employee will directly benefit from the work they do and from the success of the company.
As part of the growth strategy of the trading company, Managing Director Gill Monk has promoted four existing department Managers to the Board, and two members of staff to the management team. The new Senior Leadership team is designed to drive the business forward. Whilst Gill remains the Managing Director, she is joined by Rachel Day - HR & Client Services Director, Andrew Llewellyn-Davis – Operations Director, Dr Frixos Kopsacheilis – Clinical Director, and Alice Monk – Director of Communications. Sue Avery is the company’s new Finance Manager, and Kim Boggins takes on a new role as Clinical Manager.
Gill Monk says “this realises my dream of rewarding the employees for making AHM as great as it is. I am surrounded by an amazing team. Every one of them is totally committed to making sure that AHM leads the way in service delivery, innovation and sustainability, and every one of them deserves to benefit from their hard work.
This is a milestone in the life of the business and I am thrilled that I am able to express my appreciation in this way.”
An Employee Ownership Trust holds shares in a business for the benefit of the employees. The employees become indirect owners of the business and share in its success. Research shows employee owned companies perform better than traditional businesses with improved employee engagement and productivity.