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Scott Wright: Why more and more Scottish firms are putting their future into staff hands

AFTER the trials of the last 15 months, during which many people have gone above and beyond the call of duty to help employers keep the show on the road, a little recognition for staff would surely go a long way.
The fall-out from the pandemic has sadly meant many companies have failed, while others, amid ongoing restrictions, are hanging on to their survival by a thread.
But there are many businesses which have prospered, perhaps because of the digital nature of their models that ensured they thrived during lockdown, or at the very least have kept their operations on an even keel. ....

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Scottish advice company becomes entirely employee-owned

Founder said he had to ‘break the mould’ from selling to consolidators
All shares of Montrose-based Gill Financial have been placed into an employee ownership trust (EOT) with all seven staff becoming direct beneficiaries of the partnership.
The trust will take on full ownership immediately, securing the future of the company which looks after £100m ($134.3m, €110.4m) of assets for its clients.
The firm has become the first Scottish business in the advice sector to become entirely employee-owned.
Selling
Roy Gill, founder of Gill Financial, said: “This move is about the brilliant team here and our clients first and foremost. A business does not exist without clients and we need to look after them before anyone else ....

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