Worker possession for provide chain consultancy
Simon Dixon
A Yorkshire based supply chain and logistics consultancy has grown into an employee owned company.
Hatmill’s founder, Simon Dixon, has transferred 100 percent of the shares to an employee-owned trust (EOT) for the benefit of employees.
Founded in 2009, the company now has a team of more than 35 people and sales of £ 6 million.
Working with clients such as ASDA, Greggs, NHS Supply Chain and Boots, Hatmil helps improve their storage, transportation, forecasting and inventory, including the latest in warehouse automation technology.
After the transaction, employees will benefit financially from the future success of Hatmill and, thanks to a long-term EMI (Employee Management Incentive) program triggered by the EOT transaction, they will be able to share the proceeds from the transfer of shares to EOT.
Simon Dixon, Hatmill Founder and General Manager, said: “Since Hatmill was founded 12 years ago, the company’s growth and success have been beyond my wildest dreams. It is such a proud moment to hand over Hatmill.
“Moving ownership into the hands of my great team ensures that the ‘Teal’ culture and values of Hatmill live on. This was one of the most important factors for me as I thought about a next chapter for the company. This is a key differentiator between Hatmill and our competitors, our customers value the difference it makes for them and it affects our ability to attract and retain the best talent in the industry.
“I firmly believe that this next chapter as an employee-owned company is only a reward for the hard work and talent of our brilliant team. Being owned is about preserving and building on our unique culture. The Creating a great job is fundamental to I’m looking forward to the next leg of Hatmill. “
Hatmill was advised by Phil Southern at the FD Center and Anna Haworth and Martin Cooper at the RSM.
Martin Cooper of RSM said, “Hatmill is a great company for employee participation. It is an organization with a strong culture, well-established values and an emphasis on the quality of its people. It has been a privilege to work with them. ” Simon and the team will support her in this transition and I am confident that Hatmill has a bright future as an employee-owned company. “
Deb Oxley, Executive Director of the Employee Ownership Association (EOA) added, “We congratulate Hatmill and its new employees – their move to employee ownership will preserve the company’s values and independence over the long term.
“Companies that give their employees a say build trust and shared responsibility, uniting leaders and employees behind a common goal. This puts the company in the best position to flex and adapt to bounce back from challenges and new ones Seize opportunities. “
