Recruitment group switches to employee ownership
Elevation Recruitment Group, a South Yorkshire-based specialist recruitment company, has become an employee-owned business.
Founder and CEO Greg Parkinson and his fellow shareholders confirmed the businesses ownership has transferred into an employee ownership trust (EOT).
All previous shareholders and directors will remain within the business in exactly the same capacity, with the day-to-day operations remaining the same. They will continue to support the Group’s long-standing client base and ongoing growth plans.
Parkinson said: “From day one, Elevation’s core values and foundations have been based on employee engagement, along with a service that demonstrates care, ownership of our responsibilities to our clients and candidates and a desire to impress.
“This move to an Employee-Owned business will not only seriously strengthen our offering to our employees but also bolster our already strong existing service levels to our customer base, because each employee you engage with is now a co-owner.
“Employee-led businesses are proven to be more effective, as their employees share a common goal and are more productive, with an increase in motivation and job satisfaction.
“This transition to Employee Ownership is a brilliant next chapter for Elevation and will be a really appealing proposition for future talent looking to join an employee focused business.”
Despite the economic uncertainty surrounding COVID-19 and Brexit, Rotherham-based Elevation says it has continued to experience strong demand from its clients.
The Group adds that is is actively growing its specialist divisions and its teams.
Elevation were advised by Tax Partner Chris Humphries and Corporate Finance Partner Kevin Davies at BHP Chartered Accountants and Legal Partner Andrew Francey at Freeths LLP.
