In my experience, founders often appoint the EOT trustee they feel most comfortable with. Later, they may wish they had appointed the person who made them feel slightly uncomfortable. That is not because an effective trustee should be difficult or confrontational. It is because there will be times when the EOT needs someone prepared to […]
vfdnet is strengthening its network of associate finance directors and financial controllers, expanding into new regions, and launching a new EOT trustee portal for Employee Ownership Trusts seeking a financially experienced independent trustee for their board. The growth comes from six of FinanceHeads members choosing to join vfdnet. After 16 successful years, the owners of […]
You’ve put years of graft into building your business. Long days, late nights, endless decisions – it’s more than a business, it’s your legacy. That’s why, when the time comes to sell, the last thing you want is to see its value slashed – or worse, a deal fall through – simply because you weren’t […]
Transitioning your business to an Employee Ownership Trust (EOT) can be an incredibly rewarding move, but it’s not without risks. While an EOT offers stability, tax advantages, and a lasting legacy, the process is complex. Without proper due diligence, business owners can find themselves facing unexpected legal, financial, and operational challenges. Understanding what could go […]
Embarking on an Employee Ownership Trust (EOT) or a Management Buyout (MBO) as an exit option has become popular for business owners. The choice reflects your values and commitment to the long-term success and sustainability of your business. However, the journey isn’t without challenges, particularly be aware of a potential gap in leadership and skills […]
Will Marr is a vfdnet Associate FC. He’s been an associate since 2019 and recently started mentoring under James Shand’s wing to learn ‘real-life’ about options for business exits with a focus to date on Employee Ownership Trusts. vfdnet are seeing a real interest in EOTs alongside MBOs and where a trade sale isn’t the […]
When it comes to selling a business, owners have various options available to them. Two methods of business sale that have gained popularity are Management Buyouts (MBO) and Employee Ownership Trusts (EOT). Proving a trade sale is no longer the only or obvious option. An Employee Ownership Trust, requires a minimum of 51% of your […]
In an Employee Ownership Trust deal the focus can often be on getting the best deal for the business owner. Everyone’s keen once a decision has been made to complete a sale to employees that they lose sight of the importance of ensuring all stakeholders’ interests are included in the EOT agreement. Our Virtual FDs […]