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  • Child Base

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    Diarmuid McDonnell
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    Childbase is a nursery operator in southwest England with £25m turnover that successfully transitioned ownership to its employees using a dual approach. It drafted new articles of association in 2007 to make employees the primary beneficiaries. Since then, it has used an employee benefit trust and individual employee shareholdings, with a max of 2.5% per person, to create an employee ownership structure. Childbase financed this by using profits to purchase shares from current owners.

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    Case study of UK employee-owned company 'Child Base'.

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    Childbase is a nursery operator in southwest England with £25m turnover that successfully transitioned ownership to its employees using a dual approach. It drafted new articles of association in 2007 to make employees the primary beneficiaries. Since then, it has used an employee benefit trust and individual employee shareholdings, with a max of 2.5% per person, to create an employee ownership structure. Childbase financed this by using profits to purchase shares from current owners.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views1 page

    Child Base

    Uploaded by

    Diarmuid McDonnell
    Childbase is a nursery operator in southwest England with £25m turnover that successfully transitioned ownership to its employees using a dual approach. It drafted new articles of association in 2007 to make employees the primary beneficiaries. Since then, it has used an employee benefit trust and individual employee shareholdings, with a max of 2.5% per person, to create an employee ownership structure. Childbase financed this by using profits to purchase shares from current owners.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Democratic Enterprise: Ethical business for the 21st century

    Co-operative Education Trust Scotland operative

    Case Study 8.1


    Childbase
    Childbase, an operator of childrens nurseries in the south west of England with turnover of 25m south-west in previous years, successfully transitioned the ownership of the company to employees using a dual approach. In 2007, the company drafted a new set of memorandum and articles of association to place the employees as the primary beneficiaries of the business. From the point onwards, the company has created an employee ownership structure using a combination of an employee-benefit trust (EBT) and individual employee share holdings (maximum individual t holding of 2.5). Childbase has financed the acquisition and distribution of company shares to employees by using profits to purchase shares from the current owners. Source: A. Bibby, From colleagues to owners: transferring ownership to employees (London: Employee olleagues Ownership Association, 2009).

    Creative Commons 3.0 Licence

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