Sunday, May 19, 2024

Training provider transitions to an Employee Ownership Trust

Ilkley online training provider High Speed Training has transitioned to an Employee Ownership Trust (EOT).

The EOT will provide workers with a stake in the company’s performance, which will operate for their benefit.

High Speed Training was founded in 2008 and specialises in online compliance training across a number of sectors from retail and hospitality to construction, education and safeguarding.

This deal comes following a period of record growth and will see co-founder and owner Dan Jordan remaining on the board of directors.

National law firm Freeths advised, with the legal team led by corporate partner Andy Francey, supported by senior associate Megan Atack.

Andy Francey said: “It’s been wonderful to see High Speed Training’s successes and the move to an Employee Owned Trust. This will help to future-proof the business with a strong focus on its workforce. As a trusted client, this deal highlights our strong capabilities in the sector.”

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