Commercial teams from law firm Prettys and Scrutton Bland’s Corporate Finance team have together advised Haydn Evans Consulting on the sale of the entire issued share capital to its employees through an employee ownership trust.
Haydn Evans Consulting was founded in 2000 and has seen exponential growth in recent years. Recent projects have included engineering consultancy work on West Horndon Train Station, Felixstowe Pier and Ipswich Hospital.
The new ownership structure reflects an ethos that will safeguard the independence of Haydn Evans Consulting well into the future, providing security to employees, as well as giving clients a continued assurance of high-quality service.
Dan Billson, Corporate and Commercial Partner at Prettys said: “It was a pleasure to once more be working alongside Scrutton Bland advising on this employee ownership trust sale. Given the ethos and culture of Haydn Evans Consulting, the transfer of the business to its employees by way of employee ownership trust is a natural fit and I’m privileged to have had the opportunity to have been involved in such an important milestone in the Haydn Evans Consulting journey.”
Luke Morris, Corporate Finance Partner at Scrutton Bland commented: “We are seeing employee ownership as an increasingly common means of securing the long-term future of a business and of retaining all of the things that make it special. Haydn Evans puts its people at the heart of what it does and has a great culture. The former owners – who are all still working in the business – wanted to provide stability, continuity, depth of management knowledge and quick decision making for all its clients. So it is ‘business as usual’ for them, but with the added benefit of greater employee engagement.”
“We really enjoyed working together with Prettys and thank them for their specialist input, and we look forward to supporting the Trustees as the company moves in to this exciting future.”
Whilst the business will continue to be led by the current directors and leadership team, and day to day operations remaining unchanged, the previous shareholders have transferred the entire issued share capital to its employees. Jonathan Hudson, Director, commented: “We look forward to building upon the growth and success that we have experienced in recent years. With employees at the heart of everything we do, there will be greater engagement, commitment and drive for innovation.
“We would like to take this opportunity to thank the teams at Prettys and Scrutton Bland for all their hard work and expert advice that has allowed us to reach this point. We are particularly grateful to Luke Morris, Head of Corporate Finance and Partner at Scrutton Bland, who will now sit on the Trustee Board as our Independent Trustee. We very much look forward to the next chapter and thank all our staff, clients and suppliers, for their ongoing support.”