Network Design & Marketing, a prominent creative agency in Leeds, has taken a significant step forward.
The company has transitioned to an Employee Ownership Trust (EOT), a move that underscores its commitment to its dedicated staff and long-time clients.
This change will allow employees, after one year of employment, to become members of the trust and benefit from profit sharing.
Company Background
Network Design & Marketing, a creative agency in Leeds, was founded 32 years ago. The company’s success is attributed to the dedication of their team.
Most staff members have been with the business for over a decade, showcasing their commitment and loyalty.
The company has also nurtured strong relationships with clients, some of whom have partnered with them for over 20 years.
Transition to Employee Ownership
On July 26, 2024, Network Design & Marketing transitioned to an Employee Ownership Trust (EOT).
This change means that after one year of employment, employees can become members of the trust and benefit from profit sharing.
Dominic Adams, the founder and Managing Director, explained that the move was a logical next step, recognising the dedication of both the staff and long-time clients.
Benefits of the EOT Structure
The EOT model ensures that the team is not only retained but also developed.
Adams believes that this structure will attract future talent and support the company’s growth.
Emma Steel, a Director and 22-year employee, added that the transition is an investment in their collective futures.
Leadership and Management
Adams and Steel will continue to lead the company, guiding its executive management.
The Trust board will regularly provide input, including feedback from its members.
This collaborative approach aims to make the agency one of the best places to work for and with.
Commitment to Staff and Clients
Network’s success is attributed to its long-standing and committed team.
The company acknowledges and develops its team, ensuring a strong future.
Adams and Steel highlighted that the team and clients are at the core of this transition.
Vision for the Future
The new structure is expected to enhance the company’s reputation and operational excellence.
By investing in their team, Network aims to continue delivering top-notch services to their clients.
This move aligns with the company’s long-term vision of growth and sustainability.
Conclusion
Network Design & Marketing’s shift to an Employee Ownership Trust reflects their dedication to their staff and clients.
This change is expected to bring numerous benefits, ensuring a bright future for the company.
Network Design & Marketing’s shift to an Employee Ownership Trust reflects their dedication to their staff and clients.
This change is expected to bring numerous benefits, ensuring a bright future for the company.