Hawsons
Strategic guidance through a relationship based on trust
Hi-Tech Automation Limited, a well-established automation and robotics company based in Kettering, successfully transitioned to employee ownership through an Employee Ownership Trust (EOT). T e move was supported and led by Hawsons Corporate Finance, whose team provided full advisory and project management services throughout the process. The company’s directors sought a succession strategy that
would secure the long-term future of the business, preserve its independent culture, and reward the employees who have helped build its success. Having independently researched EOTs, Hi-Tech’s leadership recognised Hawsons’ depth of experience in the fi eld and turned to them for strategic guidance. Hawsons Corporate Finance managed every stage of Hi-Tech
Automation’s ownership transition. T is included providing an independent valuation, producing detailed fi nancial forecasts, assisting with deal structuring, obtaining advance tax clearance from HMRC, and reviewing legal documentation to ensure compliance with EOT legislation. “An EOT can be a transformative route for business owners who
want to safeguard their company’s legacy while empowering their workforce,” said Jack Ware, Corporate Finance Director at Hawsons. “For Hi-Tech Automation, it was a perfect strategic fi t. Our role was to make the process smooth, fi nancially secure, and future focused.”
A year on Refl ecting on the impact of the move, Hi-Tech’s Managing Directors Gary Probert and Ricky T ompson report strong employee engage- ment, enhanced retention and minimal disruption.
T ey said: “T e transition has been seamless. If you have a solid
business model, nothing really changes day-to-day. What does change is the mindset – it clearly signals to both staff and customers that the company has a long-term future, a clear plan, and is built around those who want it to succeed.”
Why employee ownership works T e shift to employee ownership has had a tangible impact on culture and recruitment. Employees have shown greater involvement in the company’s direction and decision-making, with leadership noting that discussions about strategy and performance are now more open and inclusive. “One year on, it is business as usual, the recruitment of
employees becomes very focused as they are your long-term future and investment,” said Ricky. “Everyone now knows the decisions made aff ect everyone’s future and we openly discuss this with key stakeholders.” Asked if they’d recommend an EOT to other business owners,
the answer was clear. Gary said: “I would recommend an EOT to any entrepreneur with a profi table business, I have discussed our transition to employee ownership already with several companies that we have had long-term relationships with. Whilst our driver was mainly our age and long-term planning, this transition could be done at any point in time to realise the value of your asset.” Hawsons Chartered Accountants are one of the UK’s longest-
established independent accountancy fi rms. With deep expertise in corporate fi nance, succession planning and employee ownership transitions, Hawsons helps business owners achieve value while securing sustainable futures for their companies.
For more information contact Jack Ware on 01604 645600, email:
jcw@hawsons.co.uk or visit
www.hawsons.co.uk
ALL THINGS BUSINESS | 30
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