4th July 2019

Blackadders advise on employee ownership deal

Blackadders are delighted to have supported the recent move to employee ownership by Aspire Housing and Personal Development Services. Aspire provides support & personal development services for people who require this: via self-directed support for people with additional needs, housing support, supported emergency accommodation and resettlement housing for people who are homeless, care at home services, support for individuals with alcohol-related brain injuries and support for people in their own homes who have complex health care issues who would otherwise be hospitalised on a long-term basis. The organisation is based in Glasgow, supporting people throughout Central Scotland, and has 185 employees.

Blackadders to merge with Plenderleath Runcie

Peter had considered a number of options before opting to sell 100% of his shareholding in the company to an Employee Ownership Trust. He says “We are pretty unique at Aspire.  We are totally person-centred, whether that’s with our employees or with the people we support. We believe that employee ownership is entirely consistent with who we are as a company. It allows us to embed our ethos and values into the constitution of the company. I’m confident we made the right move and it’s encouraging to see how positive our people are about our decision.”

As part of the move, Aspire promoted four of its senior managers to Board positions, and two employees of the company have been democratically elected by Aspire’s Employee Forum to sit on the Trust.

Peter Millar and his senior management team were highly complimentary about the advice and support received from Blackadders, and from Sarah Winter in particular. He says, “Blackadders support was invaluable throughout our employee ownership journey. Sarah’s ability to fully understand our objectives and concerns and then provide advice taking those into account and diligently dealing with our instructions has been enormously helpful in getting us to what we all believe is an ideal outcome.”

The transaction was also supported by Andrew Ewing and Gillian Hadden of Johnston Carmichael and specialist employee ownership support expertly provided by Carole Leslie of Ownership Associates. Funding support for an element of the project costs was provided by Scottish Enterprise.

 

(Picture was taken from Ownership Associates website on 04.07.2019) 
See: http://ownershipassociates.co.uk/186-new-employee-owners-at-glasgow-based-aspire/

 

 

The opinions expressed in this site are of the author(s) only and do not necessarily represent the opinions of Blackadders LLP.

Blackadders takes all reasonable steps to ensure that the content of this site is accurate and up to date. The site is not, however, intended as a substitute for seeking legal or other professional advice but rather as an informative guide to the services provided by Blackadders and topical legal developments. Site visitors should always seek advice tailored to their specific situation. Consequently, Blackadders accepts no responsibility for any loss or damage suffered by anyone acting or failing to act on the basis of information contained on this site. Downloading of material contained on this site is at the user’s own risk and all necessary virus checks must first be carried out by the user. Blackadders is not responsible for the material found on any web sites linked to this one and links to this site may only be made with Blackadders prior consent.

Copyright

Blackadders owns the copyright in this blog and all material contained on it. The material on this site may be downloaded for personal use only and must not be altered. Otherwise, Blackadders’ written consent is required before any material on this site is reproduced, copied or transmitted in any way.

Privacy Statement

Information passed to us via this site is kept confidential and will not be disclosed to third parties except if authorised by you or required by law.

© Blackadders LLP 2011

Members of the Law Society of Scotland. Authorised to conduct Investment Business under the Financial Services & Markets Act 2000 by the Financial Services Authority.

Blackadders Solicitors is a trading name of Blackadders LLP, a limited liability partnership, registered in Scotland No SO301600 whose registered office is 30 & 34 Reform Street, Dundee, DD1 1RJ. Reference to a ‘partner’ is to a member of Blackadders LLP.

Back to News & Legal updates