Employee ownership benefits in spotlight at Inverness event
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THE benefits of an employee-ownership model will be extolled at an advice event targeted at Highland businesses.
The Law Society of Scotland, Institute of Chartered Accountants Scotland (ICAS) and Co-operative Development Scotland have joined forces to organise event at Highlands and Islands Enterprise’s Inverness premises tomorrow.
It is one of a series taking place to promote employee ownership and raise awareness of the important role professional advisers have to play in informing clients on the business succession model.
Dennis Overton and Rachel Hannah of Aquascot in Alness will be among those speaking.
The employee-owned seafood company employs 175 people. Established in 1987, the business grew to become part of multinational feed and farming business Cermaq before the founders decided to take back control of the Aquascot name in 2003 and the manufacturing plant in Alness.
The company began the journey into employee ownership in 2008 with a long-term plan of becoming 100 per cent employee-owned by 2016.
Mr Overton said: “Employee ownership is now the crucial element of Aquascot’s identity.
“We’re great advocates of the business model and would urge companies interested in adopting it to seek guidance from professional advisers and from businesses who’ve been through the process so they can achieve the best results in the interests of both the business and its employees.”
