Employee Ownership Feasibility Studies

Award outcome

Description

The feasibility service will be delivered in two parts. The brief is as follows: 1. To hold an initial consultation to understand the business case, exit requirements and explore motivations in considering employee ownership. 2. To produce a written feasibility study that must enable the business owner to make a well-informed decision about whether employee ownership is right for them, their business and team. The feasibility study is expected to include, but not be limited to, the following elements: • Company Background • Business Prospects • Exit Aspirations • Model Selection and Recommendation • Outline Valuation • Deal Structure • Governance and Representation • Cultural Development • Transition Process • Next Steps The 'Next Steps' section will be provided by the Hub, and signpost the business owner to further reading, training events, webinars, EOA affiliate membership and introduce them to key business leaders in the employee ownership community. This section will also outline that should the client decide to proceed with a transition to employee ownership, they may do so with the feasibility service provider or with a firm of their choosing. The feasibility service should provide general rather than exhaustive advice. It is designed to enable business owners to make a decision about employee ownership, not facilitate the transition itself. Further professional advice should be sought to act on the study's recommendations, and a formal valuation must be obtained separately as per the requirements of an EOT.

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