Employee Ownership Trust

The Employee Ownership Trust (EOT) is an ownership model that offers several benefits to workers in the UK, setting it apart from traditional business structures. Doyle Clayton became an EOT in 2019 which has enhanced our people-focused, collaborative and non-hierarchical culture, ensuring our employees feel connected to the firm’s objectives and goals.

Employee ownership also fosters a strong sense of commitment, loyalty, and motivation among employees, leading to increased productivity and innovation. Employees also feel valued knowing that their contribution to the firm’s growth is recognised and can feel confident that the firm’s culture will remain true to its foundation and protected from drastic change in the future.

From a financial perspective, one of the key distinguishing features of EOTs is their tax advantages. In the UK, businesses owned by EOTs can provide tax-free bonuses to all employees, up to a certain threshold each year. This allows employees to share in the financial success of the business, with bonuses being calculated on objective criteria, e.g., salary and length of service.

Since employees have a stake in the company's performance, they are more likely to be engaged in decision-making processes and contribute their ideas and expertise to achieve common goals. This inclusive approach not only enhances employee morale but also strengthens the overall resilience and adaptability of the firm, particularly during times of change or uncertainty.

In summary, EOTs offers a compelling model for businesses in the UK, providing employees with a sense of ownership, tax benefits, and a collaborative work environment. By aligning the interests of employees with the success of the company, EOTs can drive sustainable growth, foster innovation, and create a more equitable distribution of wealth and opportunity within the workforce.