Financial services group hands over reins to employees

Westerby Group, the financial services firm with over 100 employees across the UK, has now become an Employee Ownership Trust (EOT).

All of the company’s ordinary voting shares, previously held by chairman and founder Les McLintic, have been transferred into the trust, giving employees a stake in the company’s future.

Founded in 1986 with just three employees, Westerby Group now operates three main divisions: Westerby Investment Management, based in Leicester’s Andover Street, which provides financial and investment advice; Westerby Trustee Services; and Westerby Pension Administration, both located on King Street.

The group also has offices in Weymouth and Manchester, employing more than 100 people across the UK.

Westerby specialises in financial advice, pensions, and tax services, with a focus on Self Invested Personal Pensions (SIPPs) and Small Self-Administered Schemes (SSAS).

Today, it manages over £1.66bn in assets and serves more than 5,000 clients.

McLintic said: “The time is right for me to transfer my shares for the benefit of our very dedicated, enthusiastic and hard-working employees. We have thrived through the many challenges over the past four decades to become the flourishing, successful business we are today. I firmly believe that my decision to give our staff this meaningful stake in the future of Westerby is the best way to build on our legacy of success in future decades.

“As a Leicester company with a national reach, we are proud to be firmly rooted in the city and through our ongoing support of local organisations over the years including LOROS, the Leicester and Rutland Polo Club, Curve Theatre and the FA County Cup,” adds Les McLintic. “So it’s fitting that the hardworking people who make Westerby the success story that it is in 2025, will now have the opportunity to benefit from its future profits.”