- Glasgow Supper Club
September 25, 2018
6:00 pm - 10:00 pm
**MEMBERS ONLY EVENT **
Our Supper Club events are the ideal opportunity to enjoy an evening of good conversation, delicious food and the opportunity to hear the story from our guest entrepreneur.
SPEAKER: Alastair MacColl of BE Group
THEME: Employee Ownership
Alastair MacColl is Chairman of BE Group, a media and business solutions group that prides itself on achieving great results by doing things differently.
Combining inspiring business content with the relationships and practical tools to help businesses succeed beyond their expectations, we deliver:
- Exceptional business content and audiences
- Brilliant and original events
- Intelligent investment solutions
- High impact business improvement programmes
Alastair launched the Group as Chief Executive in April 2007. Since then it has developed through organic growth and acquisition and now has offices in Lanarkshire, Yorkshire, London, Wales and the North East of England.
The Group was named one of the Sunday Times Top 100 Best Small Companies to Work For 2017.
Before joining the Group, Alastair worked in newspapers and media-related businesses for almost twenty years, leading publishing businesses for Trinity Mirror plc, and the Daily Mail and General Trust Group.
Alastair is also Pro Chancellor and Chairman of Teesside University.
BE Group is an employee owned business and Alastair will be sharing with us his experiences of going through the process and what he has learnt along the way. Employee ownership is increasingly becoming an attractive prospect for entrepreneurs planning their exit from their businesses and is growing fast in the UK. The John Lewis Partnership was formed as an employee-owned company in 1929 by a visionary of his time, John Spedan Lewis.
Would you consider employee ownership? Perhaps you’ve never had an offer to buy your business? Perhaps you’re concerned about the longer-term future and stability for your staff – might your buyer relocate the business elsewhere? Perhaps you quite simply just don’t want to sell to a competitor?
Employee ownership offers numerous benefits for business owners, including enabling you to plan your exit at your own pace, safeguard the future of your employees and that of your business, increase productivity and innovation as well as attracting and retaining the best talent to name but a few.
There are 3 typical type of employee ownership model –
Direct – where employees own the shares.
Indirect – where shares are owned by an Employee Ownership Trust (EOT).
Hybrid – a combination of the above where the EOT holds some of the shares & an employee share scheme is in place.
Once in place, employee can benefit from a tax free annual bonus of up to £3,600. The business owner and shareholders receive relief from capital gains tax during the year they sell providing they sell at least 50% of the company to an EOT. Figures released in January state that there are estimated to be around 300 employees owned businesses in the UK with almost one third of these based in Scotland.
Employee ownership at BE Group
The Group’s ambition is to have a positive impact on the world around them and be the best example of an employee owned business in our sector by helping businesses to succeed beyond their expectations, being a workplace where talented people thrive, and by behaving responsibly in all that we do.
By being an employee owned business the Group can:
- be self sustaining and independent;
- maintain its status as a commercial organisation that reinvests in its growth; and
- involve the employees in its success, through employee ownership.