On 2nd April 2019 Middleton Hall took the exciting step to become 100% employee owned. The move harnesses the strong vision and values-based culture and ensures a positive and sustainable future for both employees and residents.
The signing of the trust deeds followed many months, indeed years of careful planning. The previous shareholders recognised that employee ownership was the best way forward for the long term. They have worked with staff members company-wide to determine the most fitting structure of representation; the result is an 8-strong Co-Owner Forum and a 5 member Ownership Trust comprising 2 Employee Trustees (voted from the Forum), 2 Directors and an independent chair. The company will continue to be led by the Board of Directors but via the Trust, employees will have a greater say in important decisions being made.
The benefits of the transition are many. Research demonstrates that having a genuine voice and sharing equally in the financial success of the company enhances job satisfaction, recruitment and retention. Both employees and residents can feel secure in the knowledge that there is no risk of Middleton Hall being sold to a third party.
Year after year, employees have proved their commitment to making Middleton Hall a wonderful place to live and work. The opportunities offered by the next chapter are clear. The move to employee ownership was truly something to celebrate – and celebrate we did.