AN ONLINE retailer of males’s grooming objects has joined the rising variety of employee-owned companies in Scotland.
The Government Shaving Firm, based mostly in Glasgow, say they’ll “embrace” worker possession, with all employees taking a stake within the firm.
New census information launched only a few weeks in the past discovered that there have been over 195 employee-owned enterprise in Scotland on the finish of the 2021/22 finacial yr.
These figures have prompted others to affix the ranks, together with the sellers of moist shaving and grooming merchandise for males in Glasgow.
The whole variety of employee-owned enterprise now stands at over 200.
Scottish Enterprise have been a key driver behind the motion, as they search to assist firm progress by way of collaborative strategies.
They commissioned the census concerning employee-owned enterprise in Scotland by way of Co-operative Improvement Scotland (CDS).
Brian Mulreany, Director of The Government Shaving Firm, mentioned: “My fellow director Shona and I have been retiring and wished to make sure that the enterprise not solely remained in Scotland, but additionally that the roles of our loyal workers have been protected.
“We heard about worker possession from a enterprise contact and it appeared like an ideal match for our firm tradition, in addition to anchoring the corporate in its dwelling metropolis of Glasgow.
“CDS have been an excellent assist all through the entire course of – from assessing the feasibility of an worker buyout to the precise transition.
“Our workers have been instantly on board and are actually proud to now be a part of a 100% employee-owned firm. I’m certain their new stake within the enterprise will encourage a number of future innovation and make sure the firm continues to develop and thrive.”
Advocates of the mannequin says that it offers workers a significant stake of their organisation and a real voice in how it’s run.
In the meantime, sceptics imagine that the monetary threat concerned if the mannequin goes improper is simply too massive.
Clare Alexander, Head of CDS, added: “An increasing number of Scottish companies are transitioning to worker possession and we’re proud to assist them on that journey.
“We perceive the significance of inclusive enterprise fashions like EOBs and Co-ops when it comes to making a wellbeing financial system the place truthful work, a values-driven method and robust neighborhood hyperlinks are each bit as necessary as earnings.
“As we proceed to work in direction of the Scottish Authorities goal of getting 500 EOBs in Scotland by 2030, it’s implausible to see corporations resembling The Government Shaving Firm making the transfer to worker possession – a enterprise mannequin that not solely creates higher locations to work, however punches properly above its weight when it comes to resilience, profitability, productiveness and employees engagement.”
The variety of employee-owned enterprise in Scotland has risen by 13% since June 2020.