Top 50 employee-owned companies – total sales of £20.5 bn - Succession Plus

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Top 50 employee-owned companies – total sales of £20.5 bn

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Top 50 employee-owned companies – total sales of £20.5 bn

By , July 11, 2014

In a recent article from Co-operative news the top 50 employee owned businesses were listed and reviewed.

The top 50 is made up of 23 businesses that are 100% employee owned whilst 9 are less than 50% owned, together they represent over 151,000 employees. The list is headed by John Lewis with revenue of £8.5bn and 80,000 employees.

Published by the Employee Ownership Association and prepared by Capital Strategies the report reveals a 4.6% increase in sales and an increase by 3.3% in employee numbers, importantly productivity year-on-year has increased by 4.5%.

Sir Charlie Mayfields, said: ” These are exciting times for Employee Ownership. There’s unprecedented interest from both the public and private sectors fuelled by the desire for a better form of ownership. There has been tremendous progress over the last year or so and we hope it will encourage more companies to pass their business onto their staff and help create a more plural and balanced economy.”

Craig West

Craig West

Managing Director | Succession Plus

Craig West is a strategic accountant who has over 20 years’ experience advising business owners. His background as a CPA in public practice, provided invaluable experience in the key issues of concern to business owners. Following 6 years of study to gain two masters degrees, Craig focused on Capital Gains Tax (CGT) for business sales advising on strategic management of tax issues. This experience formed a very strong view that business owners (and often their advisers) were unprepared and unaware of the steps required to prepare a business for exit.

Craig now acts as a strategic mentor for mid-market business owners and has written four critically acclaimed books on employee incentives, succession planning, asset protection and exit strategies. Craig has conducted numerous seminars and keynote presentations throughout Australia & internationally, including adviser education programs for the Institute of Chartered Accountants and CPA Australia.