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Handing over: Planning a painless exit from your business

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Anderson Strathern

1 Rutland Court

Edinburgh

EH3 8EY

United Kingdom

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Mike Stoane Lighting was one of the first companies in the UK to take advantage of the Employee Ownership Trust. This is a business structure introduced in 2014 specifically for employee owned firms. The former owner wanted to exit the business, and find a way that would allow the company to sustain the ethos and protect jobs. The company opted to implement an Employee Ownership Trust which now holds 65% of the company’s shareholding. Director, Emily Alston, will talk about why the company chose Trust ownership, and how the change has impacted the company.

Formed in 1969, Computer Applications Services (CAS) is reportedly Scotland’s first software business. The company now specialises in case handling software. CEO, Ken Naismith, led the employee buyout in 2014, with Ken and the company's chairman investing in personal stakes in the business, while the majority of shares were allocated to an employee benefit trust. The company has also attracted some external investment. Ken will describe how ownership incentivises employees and CAS uses its employee ownership model to attract and retain top talent in a sector that is very competitive for skills.

Bruce Farquhar, Chairman, Anderson Strathern has a wealth of experience in advising businesses on succession issues and has worked on a number of employee ownership transitions. He will talk through the exit options open to business owners, how to manage the transaction and how to ensure exit is a smooth process for the vendor and the company.

Agenda

9.30am: Coffee and networking

10.00am Welcome and Background

Glen Dott, Scottish Enterprise

10.15am Emily Alston, Director, Mike Stoane Lighting

10.40am Ken Naismith, Chief Executive, CAS

11.05am Succession Planning and Exit Options

Bruce Farquhar, Anderson Strathern

11.30 am Q & A

12noon Close and buffet lunch.

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Date and Time

Location

Anderson Strathern

1 Rutland Court

Edinburgh

EH3 8EY

United Kingdom

View Map

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