Employee Ownership Trusts (EOTs)

I would like to thank Herrington Carmichael Solicitors for their excellent support in completing the E.O.T transaction. The team worked efficiently and professionally, ensuring the matter was delivered on time and on budget. In particular, I would like to recognise Yavan Brar, Partner and Head of Department, and Sophie Protheroe, Solicitor, for their outstanding guidance and consistent support throughout the transaction. Their expertise, responsiveness, and clear advice made the process smooth and well managed from start to finish. I would have no hesitation in recommending Herrington Carmichael Solicitors for complex corporate transactions.

John and I are delighted to have been supported by Yavan & Sophie as we embarked on selling our Company to an EOT. From initial introduction 14 months ago, to achieving completion 2 days ago, Yavan & Sophie have been with us every step of the way. Their knowledge is vast and their ability to steadily walk us through the entire process, as simply as possible, was remarkable. The completion of this process required a number of additional inputs from other experts, all of which, they were able to provide, which just helped with the seamless approach and high level of communication throughout. We just hope they are happy that we were able to keep up with them too! Prior to meeting Yavan & Sophie, we had no knowledge of what an EOT was so to think that within 14 months, we have not only understood the benefits of such a consideration, but have reached the finish line and can sit back and proudly watch the continued success of our business in its new form, is incredible. So thank you for everything.

We are grateful to Yavan, Sophie and the team for their work on transitioning our company to an EOT. They navigated the intricate process of the transition with care and precision, giving all those involved clear understanding and peace of mind throughout the process. Their proactive approach and attention to detail were evident throughout and we wouldn’t hesitate to recommend the team to anyone considering an EOT transition.

HC acted for us in a corporate reorganisation, the sale of shares to an EOT and implementing an EMI for key individuals. The matter was complex and required patience and clear solutions to a number of issues to achieve the goals. Yavan and Sophie provided detailed advice on statutory requirements, a clear explanation of legal terminology, and worked efficiently to allow us to implement the EMI within the necessary timeframe. Great support from Yavan and the team.

Yavan and Sophie made our sale to an EOT straightforward and effortless. From the outset, they took the time to understand our needs and goals, explaining the process and answering all our questions. Their expertise in EOT transitions helped us make the right decisions for our company's future. We highly recommend the Herrington Carmichael team to any business considering such a transition. Their professionalism, expertise, and client care were invaluable.