Hollis hands ownership to employees

Hollis has switched from being a limited liability partnership to an employee-owned business. Under the new employee ownership trust structure, Hollis is now majority owned by Hollis Global Trust Company on behalf of its 450 employees. Senior partner John Woodman (pictured) will continue in his current role with the new title of chairman, with existing managing partner Alex Brown becoming managing director. All partners will now become directors. Woodman said: “Hollis has always prided itself on its independence and as being a business that creates opportunities and supports the progression of its team. Over the past few years we have had to consider the future of Hollis and its ownership, ensuring that there are plans in place for a sustainable future that will allow for continued opportunities, progression and succession, as well as protect our clients. “This move will enable everyone who has helped build and develop Hollis over a number of years to participate in the future growth and success of the business. We strongly believe that introducing the EOT structure will have a positive effect on the ability of the business to grow.” Brown added: “We have a unique, independent business culture, and this move will help to build on this and put Hollis in the best possible position to achieve its future growth aspirations. The new structure will give all employees the opportunity to share in the success of the business, as well as secure the long-term future of the business for our clients, many of whom we have worked with since the beginning. “The introduction of the EOT reiterates our commitment to all the employees in this business and the importance we place on our ‘one team’ culture. The benefits that employee ownership can bring to businesses are widely acknowledged, including improved employee engagement and wellbeing, and better business performance, for ourselves and for our clients.” Hollis’s existing management structure will remain in place, with the main and junior boards continuing to drive forward the overall business plan and growth targets. To send feedback, e-mail samantha.mcclary@eg.co.uk or tweet @samanthamcclary or @EGPropertyNews Photo courtesy of Be Known Communications