Chartered Accountants
Would An Employee Ownership Trust Benefit Your Children’s Nursery?
An Employee Ownership Trust (EOT), when a business is partly or entirely owned by the workforce, can be used to help secure the future of a company. Despite becoming increasingly popular in recent years, there are very few children’s nurseries who have taken advantage of this share option scheme.
The first childcare business in Scotland to transition to an EOT was a nursery based in Edinburgh, Kidzcare. The transition was made to allow the founder to withdraw from the business and pass it on to others who have helped make it a success. EOT’s are known to encourage higher levels of productivity and innovation due to the workforce being invested in the future of the company and are an attractive option for those looking to exit a business. Along with these advantages for the company, employees can each receive an annual bonus of up to £3,600 tax free.
If you would like to discuss the EOT process, or other share option schemes, please get in touch with with our Employer Solutions Taxperts by calling one of our offices or emailing [email protected].
Our EQ Healthcare specialists have amassed expert knowledge, and valuable experience, from their clients and are on hand to help guide you. For support with your children’s nursery, please contact our EQ Healthcare team via [email protected].
