Go Employee Owned
Love your business? Set it free!
Full EOT transfer support (finance & legal) from £6,990+VAT
Employee Ownership Trusts (EOTs) are gaining popularity. What's not to like?!
- Founders get fair market value sale
- Staff get future profits
- Both get big tax savings
Go EO help you transition efficiently and affordably.
Chris and Laura have been nothing short of excellent throughout the entire process of transitioning to employee ownership. Chris has the patience of a saint and answers the numerous questions promptly and in language that is comprehensible. His enthusiasm for the structure is clear to see, and his own experiences help enormously when he gives advice. Laura uses straightforward, clear explanations of everything, and is open and amenable to tweaks to suit individual situations. The process has been quick and frustration-free, and Go EO's fees are highly competitive. We were quoted more than their entire fee just to value the company, and had one quote of more than 5x their fee for the whole process. Thoroughly recommended.Andrew Hickson - Kingfisher Independent Funeral Services Ltd
Chris and Laura transformed the whole EOT transition process from the complex, prohibitively costly experience that some solicitors described, to the smooth, straightforward process that the government website says it should be. To align with our year end, we completed the whole process within 4 months of initial engagement - I can’t recommend them enough!
Great work from Chris and Laura. Very professional and helped us achieve our goal of transitioning to an EOT.
I have nothing but good things to say about Chris and Go EO. Having sold into employee ownership himself, Chris is incredibly knowledgeable, conscientious and helpful when it comes to advising on employee ownership projects. As a professional advisor, I have worked alongside Chris on a number of EOT sales now and his insight and support have been invaluable. If you are an accountant or solicitor looking for support with an EOT project, I cannot recommend Go EO highly enough.
Extremely pleased with the process and outcome. Chris was hugely supportive and instrumental in getting us over the line. Thankyou again for all your help and subsequent advice
If you’re a business owner doing well, why would you consider it?
Common reasons founders want to sell to an EOT
- Share responsibility - pass real responsibility to senior staff. It's not just profits that come with ownership, it's responsibility too.
- Share rewards - happy to share profits with the workforce. Staff less likely to be "downsized" in an EOT sale than a trade sale.
- Stay involved - want to remain part of it? You have more scope to work in the business post EOT sale than a trade sale.
- Culture retention - retain the ethics/culture/brand of the business. No external party taking over to change things.
- Tax savings - zero tax on sale proceeds, and tax free element to staff profit shares. Can sweeten the deal for all!
- Staff up to it/up for it - concern whether senior staff have the desire or capability to run the business.
- Need cash ASAP - if you need lots of money personally ASAP, then the prolonged payout from an EOT sale may not be viable.
- Business not profitable - companies can be valuable without profits. Eg typical Silicon Valley start up. With no profit, the founder won't be paid.
Common reasons against going Employee Owned
Who's behind Go EO?
Go EO is the brainchild of Chris Maslin. An accountant and tax adviser who sold “his” firm to an EOT in 2021.
He’s teamed up with a solicitor and coach. Together they provide a full transition service, helping companies Go Employee Owned.