Swindon & Wiltshire Business News


NSRBC to celebrate UK Employee Ownership Day with networking and a payout

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The NSBRC teamThe NSBRC teamSwindon's National Self Build & Renovation Centre will be celebrating UK Employee Ownership Day next month with a networking event and an annual profit-share payout.

The NSBRC is taking part in the campaign, sponsored by employee-owned business Gripple, to highlight the impact of employee-owned businesses on the individual and the community.

The centre is 81 percent owned by its employees, and has been buying back two percent of its shares from investors for the past three consecutive years.

It will also be making its second consecutive payout to employees on June 28 – UK Employee Ownership Day – equivalent to over £2,500 for every full-time employee.

Employee Ownership Association CEO Deb Oxley OBE will be addressing a private networking event for clients on Tuesday, June 25.

Formed in 2014 and now employing 17 staff, the NSBRC is the UK’s only Self Build Visitor Centre.

Harvey Fremlin, NSBRC managing director said: “We are thrilled that Deb Oxley OBE, is attending our Partner Forum. She will be discussing her ambition to see three million employee-owners in the UK and we encourage business owners to explore the EO model.

"Operating in this way has transformed our business and we have a settled, happy team, who are all benefiting from having a true voice in the future of our business and the decisions we take.

“EO Day is really exciting as over 350 businesses across the UK, including brands such as Lush Cosmetics, Aardman Animations and Riverford Organics, are running activities to mark the day.

"For us, it is a chance to spread the word, engage with the community about what we do and, most importantly, celebrate as a team.”

Deb Oxley, said: “Companies such as the NSBRC are great examples of the economic and social benefits that can be achieved in an employee-owned environment.

"This is why we celebrate the impacts of employee ownership on the individual, the business and the communities in which they are based.

“The EOA is proud to lead the sector-wide celebrations of employee ownership on EO Day 2019, as part of our activity to raise awareness and support the growth and impact of employee ownership in the UK.”

With numerous events running across the UK, EO Day is an integral part of the EOA’s events calendar and was introduced to raise awareness of employee ownership as an economically strong and balanced business model.

The benefits of employee ownership have been proven in EOA-led research, and include improving employee health and wellbeing, increasing productivity and fostering creativity and innovation across an array of industry sectors. In addition:

UK employee-owned companies contribute over £30 billion to the UK economy annually. Employee-owners have higher levels of job satisfaction, feel a greater sense of achievement and job security, and are more likely to recommend their workplace than employees in non-employee owned businesses.

Employee-owned businesses operate in a range of sectors including healthcare, housing, education, transport, manufacturing, retail and professional services.