Consilium advise Cofficient on successful transition to Employee Ownership
Scottish accountancy and business advisory firm Consilium Chartered Accountants have advised Cofficient on the successful transition to employee ownership. Consilium provided tax and corporate finance advisory services to the business founders who have sold the company shareholding to an employee ownership trust.
Cofficient is a specialist provider of Oracle NETSuite and SAP solutions to businesses across multiple sectors like retail, life sciences, financial services and manufacturing. Their clients include leading brands Ooni Pizza Ovens, Lovehoney and Actavo.
Essential advisors to Cofficient in transfer to employee ownership
Consilium Corporate Finance partner John Blair was engaged as lead advisor to co-founders Paul Grant and Paul Tindal. Paul Grant said: “Consilium were essential advisors in the transfer to employee ownership. Their insight and advice ensured a smooth transition and positive outcomes for the co-founders and our team.”
Discussing the decision to transition to employee ownership, co-founder Paul Grant said: “We’ve always believed in putting our people first. Employee ownership is a perfect fit for our vision. It empowers our team and allows them to share directly in the rewards of their hard work and dedication.”
A ‘win-win’ scenario for Cofficient and its new owners
Consilium partner John Blair said: “As a business exit strategy, selling to employee ownership is growing in popularity in Scotland. Cofficient is a great example of how business founders, their teams and customers can enjoy a win-win scenario as companies enter their next growth and development stage.”
“Entrepreneurs like this model because it offers them the chance to exit a business at their own pace and safeguards the future legacy of the company they have built.”
“We’re incredibly optimistic about what lies ahead,” says Paul Tindal. “Together, we’re ready to take Cofficient to the next level, continuing to provide exceptional service and innovative solutions for our clients.”
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