The Tentacle

Employee Ownership

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Alternatives to Sale

In 2017, there is a perfectly viable alternative to a sale of any business, unfortunately, too many brokers are distracted by the enticing concepts of villa and golf course that they fail to consider it early enough. The alternative is employee ownership (EO). In the olden days’ people used to call this a Management Buy Out (MBO), but it rarely happened in the broking world. This is because the younger ‘Management’ of the provincial broker could seldom raise the money from local high street banks…

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More about Employee Ownership (EO)

Since the explosion in the number of provincial brokers from the early 70s, the end-game has focused – with few exceptions – either on sale or inheritance as the only two exit strategies for the founders.  Happily, there is now another way, an alternative that captures the zeitgeist of the times into which we have been delivered.  Employee Ownership.   Before going any further, one should make the distinction between Employee Ownership and employee *Share Schemes *by pointing out that these two…

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4th July - Employee Ownership Day

On the 4th July TEn celebrated its transition to Employee Ownership (EO) on what is, annually, National EO Day.  I was particularly grateful to be invited to go and speak about our decision to embrace EO elsewhere, otherwise I would doubtless have been required to adopt some form of silly American fancy dress; as did most of my colleagues! The question is, why have we done it? Following the purchase of Giles and Oval by Arthur J. Gallagher, one can sense a definite* fin de siècle* whiff as we draw…

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Site map coming fairly soon...

...by mid-November probably.

The site map will be an aid to navigation around our various websites. Of course, these sites have just undergone a major structural update and things are still changing.

So, it’s a bit like when a supermarket periodically shifts things around, either, just for the hell of it, or, because they have decided to squeeze in a click & collect point, where the bread used to be.

As stuff relocates, consequently, leaving the signs above the ends of the aisles as they were before, could become confusing.

Our current situation here is very similar.

Mind you, whether before or after the reorganisation, you can never find the Tahini paste. You always have to ask.