{"id":7537,"date":"2019-05-23T12:24:15","date_gmt":"2019-05-23T11:24:15","guid":{"rendered":"https:\/\/www.b2econsulting.com\/?p=7537"},"modified":"2020-04-16T13:43:39","modified_gmt":"2020-04-16T12:43:39","slug":"b2e-employee-owned-model","status":"publish","type":"post","link":"https:\/\/www.b2econsulting.com\/b2e-employee-owned-model\/","title":{"rendered":"B2E Consulting Moves to an Employee-Owned Model"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;background-color:#ffffff;padding: 40px 40px 0px 40px;\"><div class=\"fusion-widget-area fusion-widget-area-1 fusion-content-widget-area\"><style type=\"text\/css\">.fusion-widget-area-1 {padding:0px 0px 0px 0px;}.fusion-widget-area-1 .widget h4 {color:#3b4251;}.fusion-widget-area-1 .widget .heading h4 {color:#3b4251;}.fusion-widget-area-1 .widget h4 {font-size:14px;}.fusion-widget-area-1 .widget .heading h4 {font-size:14px;}<\/style><section id=\"pyre_tabs-widget-2\" class=\"fusion-slidingbar-widget-column widget 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2025\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div style=\"clear:both;\"><\/div><\/section><div class=\"fusion-additional-widget-content\"><\/div><\/div><div class=\"fusion-widget-area fusion-widget-area-2 fusion-content-widget-area\"><style type=\"text\/css\">.fusion-widget-area-2 {padding:0px 0px 0px 0px;}.fusion-widget-area-2 .widget h4 {color:#3b4251;}.fusion-widget-area-2 .widget .heading h4 {color:#3b4251;}.fusion-widget-area-2 .widget h4 {font-size:14px;}.fusion-widget-area-2 .widget .heading h4 {font-size:14px;}<\/style><style type=\"text\/css\" data-id=\"tweets-widget-3\">@media (max-width: 800px){#tweets-widget-3{text-align:center !important;}}<\/style><section id=\"tweets-widget-3\" class=\"fusion-widget-mobile-align-center fusion-widget-align-center fusion-footer-widget-column widget tweets\" style=\"text-align: center;\"><h4 class=\"widget-title\">Recent Tweets<\/h4><style type=\"text\/css\">.fusion-content-widget-area #tweets-widget-3 .jtwt .jtwt_tweet:before, .fusion-footer-widget-area #tweets-widget-3 .jtwt .jtwt_tweet:before {color: #3c455a;}<\/style>\t\t\t<div class=\"twitter-box\">\n\t\t\t\t<div class=\"twitter-holder\">\n\t\t\t\t\t<div class=\"b\">\n\t\t\t\t\t\t<div class=\"tweets-container\" id=\"tweets_tweets-widget-3\">\n\t\t\t\t\t\t\t<ul class=\"jtwt\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<li class=\"jtwt_tweet\">\n\t\t\t\t\t\t\t\t\t\t<p class=\"jtwt_tweet_text\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<span class=\"arrow\"><\/span>\n\t\t\t<\/div>\n\t\t\t<div style=\"clear:both;\"><\/div><\/section><div class=\"fusion-additional-widget-content\"><\/div><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-last\" style=\"width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"1000\" height=\"669\" alt=\"richer sounds\" title=\"Employee Ownership\" src=\"https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed.png\" class=\"img-responsive wp-image-7528\" srcset=\"https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed-200x134.png 200w, https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed-400x268.png 400w, https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed-600x401.png 600w, https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed-800x535.png 800w, https:\/\/www.b2econsulting.com\/wp-content\/uploads\/2019\/05\/Ownership-Image-Compressed.png 1000w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:20px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><style type=\"text\/css\"><\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-text fusion-title-size-one\" style=\"margin-top:0px;margin-bottom:0px;\"><h1 class=\"title-heading-left\" style=\"margin:0;\"><h1 style=\"text-align: left;\"><span style=\"color: #505d7a;\">B2E Consulting Moves to an Employee-Owned Model<\/span><\/h1><\/h1><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;margin-top:10px;width:100%;\"><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-1\" style=\"transform:translate3d(0,0,0);\"><p>Hot on the heels of <a href=\"https:\/\/www.thetimes.co.uk\/article\/an-ethical-capitalist-model-to-ensure-we-all-get-that-little-bit-richer-mxzt6xdpr\" target=\"_blank\" rel=\"noopener noreferrer\">Richer Sounds<\/a>, B2E Consulting has this week become the latest firm to make the move to a <a href=\"https:\/\/www.johnlewispartnership.co.uk\/work\/employee-ownership.html\">\u2018John Lewis\u2019<\/a>&#8211; style Employee Ownership Trust (EOT).<\/p>\n<p>Established in 2004, <a href=\"https:\/\/www.b2econsulting.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">B2E Consulting<\/a> prides itself on its flexible, innovative \u2018gig economy\u2019 model through which it provides a full spectrum of consulting services, interim through to full-service, to its clients.\u00a0 B2E Partner Tony McNeill states, <em>\u201cOur ability to put together a high-calibre team of genuine experts is second to none. The strength of our consulting community gives us an available base bigger than most consultancies in the UK.\u201d<\/em><\/p>\n<p>As the firm moves into its next phase of growth and development, Founding Partners Tony McNeill and James Markham have taken the exciting decision to hand over 70% of B2E Consulting to an Employee Ownership Trust, allowing the employees to become co-owners and therefore co-beneficiaries of the future success of the firm.\u00a0 The company will be led by a Management Board who will focus on financial performance and B2E\u2019s 5 Year Business Plan.<\/p>\n<p><strong>What is an EOT?<\/strong><\/p>\n<p>An EOT is a new form of private company ownership formed around an employee benefit trust. This model was introduced by the <a href=\"https:\/\/www.gov.uk\/employee-ownership\" target=\"_blank\" rel=\"noopener noreferrer\">UK Government<\/a> in September 2014 to encourage more shareholders to set up a corporate structure similar to the John Lewis model. The aim is to facilitate wider employee-ownership, albeit via an indirect holding and to encourage potential growth to the economy.<\/p>\n<p>Research from the <a href=\"https:\/\/employeeownership.co.uk\/resources\/facts-and-figures\/\" target=\"_blank\" rel=\"noopener noreferrer\">Employee Ownership Association<\/a> states that 50% of Employee Owned Businesses are Professional Services firms, just like B2E.\u00a0 The EOA believes that the employee owned business sector in the UK is growing because co-owned companies tend to be more successful, competitive, profitable and sustainable.<\/p>\n<p><strong>Why B2E?<\/strong><\/p>\n<p>Tony explains why the EOT model is right for B2E, <em>\u201cPutting the reigns of the organisation directly into the hands of the B2E team members creates a strong platform for continued growth and success as it accentuates the sense of shared corporate ownership \u2013 both practically and culturally.<\/em><\/p>\n<p><em>B2E has always been a flexible team of highly motivated people who lead and drive change within our organisation and this is the perfect vehicle to empower our team even further to innovate and to enable them to share in the success of B2E. \u201c<\/em><\/p>\n<p><strong>Organisational and Business Benefits<\/strong><\/p>\n<p>No doubt the EOA would agree with Tony\u2019s objectives; in conjunction with Capital Strategies, the EOA conducted a <a href=\"https:\/\/employeeownership.co.uk\/wp-content\/uploads\/Employee_Ownership_Top_50_Infographic.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">review of independent UK-registered unquoted companies<\/a> that are more than 25% owned by employees on a broad basis.\u00a0 The list also covers UK subsidiaries of non-UK companies which are more than 75% employee-owned. (Based on accounts filed at Companies\u2019 House June 2014).\u00a0 Those firms have seen direct benefits such as a 4.6% increase in sales year on year and a 25.5% increase in annual operating profit.<\/p>\n<p>There is also evidence that employee owned companies are more innovative because leaders go out of their way to consult and share information about the company.\u00a0 These leaders usually give their staff more responsibility and autonomy which encourages creativity and independent decision-making.\u00a0 Such companies also typically have high employment standards, making them better at recruiting and retaining talented, loyal, committed staff.<\/p>\n<p><strong>Other Successful Models<\/strong><\/p>\n<p>We already know of the strength of the John Lewis \u2018partner\u2019 model and there has been much in the recent press about Richer Sounds. But there are many other familiar names within the 350 or so UK organisations across different sectors who have adopted the EOT model giving their employees meaningful, significant stakes in the business &#8211; including Matt MacDonald Group Ltd, Arup Group Ltd and PA Consulting Group.<\/p>\n<p><strong>Supporting B2E\u2019s Clients and Community<\/strong><\/p>\n<p>While there won\u2019t be significant visible day-to-day change in the running or operation of B2E, the change to an EOT will ensure that B2E\u2019s ethos and values of innovation and client service are embedded for the long term. B2E will continue to deliver insight and experience to its clients, whilst nurturing and growing its community of consultants.<\/p>\n<p>As Tony McNeill concludes, <em>\u201cBy forming an Employee Owned Trust we believe that the company can best fulfil its purpose of being a commercially successful \u2018gig economy\u2019 consulting company whilst retaining the values and culture which sit at the heart of the firm; we want to do outstanding consulting work, we want to do the best we can for our clients, we want to attract bright, talented people, we want to challenge ourselves to be as good as we can be, we want to enjoy working together, we want to bring out the best in people, we want to focus on moving forward at all times, we want to celebrate success and learn lessons, we want to be fair to all stakeholders.\u201d<\/em><\/p>\n<\/div><div class=\"fusion-text fusion-text-2\" style=\"transform:translate3d(0,0,0);\"><p><span style=\"color: #f39200;\">Deb Oxley OBE, CEO of the Employee Ownership Association, said: \u00a0\u201cWe congratulate<b> B2E Consulting<\/b> on its transition to employee ownership. By widening ownership of the business to its employees B2E Consulting is securing the future of the business, including its ethos, values and employees, while rooting itself locally for the longer term to the benefit of the community(ies) which it serves.\u201d<\/span><\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 30px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-aligncenter\"><style type=\"text\/css\">.fusion-button.button-1 {border-radius:0px;}<\/style><a class=\"fusion-button button-flat fusion-button-default-size button-default button-1 fusion-button-default-span fusion-button-default-type\" target=\"_self\" href=\"https:\/\/www.b2econsulting.com\/contact\/\"><span class=\"fusion-button-text\">Contact B2E Consulting today <\/span><\/a><\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-3 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-last\" style=\"width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-3\" style=\"transform:translate3d(0,0,0);\"><blockquote>\n<p>About the author, Maninder Murfin<\/p>\n<p>Maninder joined B2E in 2015 and is responsible for client Service Delivery, our Business &amp; Process Analysis Capability Pool and B2E Social Media activity. Her background is in Business &amp; HR Transformation, having worked as a consultant for Accenture for 9+ years prior to starting a family.<\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-4 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px;margin-bottom: 0px;margin-top: 0px;border-width: 0px 0px 0px 0px;border-color:#eae9e9;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_1_3 1_3 fusion-one-third fusion-column-first\" style=\"width:33.333333333333%;width:calc(33.333333333333% - ( ( 4% ) * 0.33333333333333 ) );margin-right: 4%;margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_2_3 2_3 fusion-two-third fusion-column-last\" style=\"width:66.666666666667%;width:calc(66.666666666667% - ( ( 4% ) * 0.66666666666667 ) );margin-top:0px;margin-bottom:20px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-text fusion-text-4\" style=\"transform:translate3d(0,0,0);\"><blockquote>\n<p>About the author, Nicola Smith<\/p>\n<p>Nicola is a member of the B2E Account Management team &amp; has been with B2E for the past 4+ years.\u00a0 Her background is in People &amp; Change Management having worked as a consultant at Accenture for 12+ years prior to starting a family.\u00a0 She has also worked as an HR Manager in a S. West Law Firm, as well as an interim people change consultant, before joining B2E.<\/p>\n<\/blockquote>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":9,"featured_media":7528,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[110],"tags":[204,205],"class_list":["post-7537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-employee-ownership","tag-gig-economy"],"_links":{"self":[{"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/posts\/7537","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/comments?post=7537"}],"version-history":[{"count":10,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/posts\/7537\/revisions"}],"predecessor-version":[{"id":8677,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/posts\/7537\/revisions\/8677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/media\/7528"}],"wp:attachment":[{"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/media?parent=7537"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/categories?post=7537"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.b2econsulting.com\/wp-json\/wp\/v2\/tags?post=7537"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}