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Employee ownership in SMEs is developing in all sectors and all branches of activity. Here are a few new cases of companies in Great Britain that have just been transferred to the employees:

All these employees became owners of their company, without having to pay anything.
They could keep their savings, nor did they have to take out a loan.
Yet they paid. How? With their work – the same work they had always done.
In other words, employee has not exposed them to any additional risk, contrary to the common misunderstandings.
The financial mechanism that enables companies to be passed on to employees is collective employee ownership.
It works in the USA. It works in Great Britain.
There are in fact many other European countries that have similar legal mechanisms in place: private foundation, fondation privée, fiducie, stichting administratiekantoor, Privatstiftung, stiftelse,…

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Press review
We have a selection of 30 remarkable articles in 9 countries in September 2023: Belgium, Germany, Denmark, France, Italy, Japan, Netherlands, UK, USA.
Belgium: Automation & Robotics is a good example of transferring a business to employees in Belgium.
Germany: The association of business leaders has high hopes for the new law project to develop employee share ownership also in Germany.
Denmark: New employee share plan for Elis.
France: New employee share plans for Renault, for Veolia, for Capgemini, for Technip Energies, for Spie, for Air France-KLM.
Italy: Employee ownership symposium.
Japan: Japanese companies are interested in employee share ownership incentives.
Netherlands: Around 10% of SMEs offer their employees the possibility of becoming shareholders or co-owners of their company.
UK: Thanks to the Employee Ownership Trust scheme, every day a new SME is transferred to employees. This month, among others, the case of: Highland Fuels, Alexander (Scotland) & Co, Glen Drummond Accountants, Company Registrations Online, The Specialist Blind Co, Waterco, Allstaff Recruitment. Selling to an Employee Ownership Trust – essential early questions. Finance best practices in moving to an employee ownership trust.
USA: Fundraising for business transfers to employees. BDO adopts ESOP model. Teamshares represents employee ownership for SMEs in private equity style.

The full press review is available on:


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   With best regards



Marc Mathieu
Secretary General
Avenue Voltaire 135, B-1030 Brussels
Tel: +32 (0)2 242 64 30 - Fax: +32 (0)2 791 96 00
Web site:
EFES' objective is to act as the umbrella organization of employee owners, companies and all persons, trade unions, experts, researchers, institutions looking to promote employee share ownership and participation in Europe.