Hatmill, the Yorkshire-based supply chain and logistics consultancy, has become an employee-owned business.
Company founder, Simon Dixon, is transferring 100% of shares to an Employee-owned Trust (EOT) for the benefit of employees.
A £6 million turnover business, Hatmill was established in 2009 and now has a team of over 35 working with clients such as ASDA, Greggs, NHS Supply Chain and Boots.
Under the move, employees will benefit financially from the future success of Hatmill, but also stand to share proceeds from the transfer of shares to the EOT, thanks to a long-standing Employee Management Incentive (EMI) scheme triggered by the EOT transaction.
“Since founding Hatmill 12 years ago, the growth and success of the company are beyond my wildest dreams. It’s such a proud moment to be able to hand over Hatmill,” said Mr Dixon.
“Transferring ownership into my amazing team’s hands ensures Hatmill’s ‘Teal’ culture and values live on, which was one of the most important factors to me in considering any next chapter for the company.
“It’s a key differentiator between Hatmill and our competitors; our clients value the difference it makes to them. It hugely influences our ability to attract and retain the very best talent in the industry.
“I firmly believe this next chapter as an employee-owned business is just reward for the hard work and talent of our brilliant team. Becoming employee-owned is about maintaining and building on our unique culture.”
Hatmill was advised by Phil Southern at the FD Centre and Anna Haworth and Martin Cooper at RSM.