The EOA Conference took place in Birmingham earlier in November and for the first time it was a sell-out. 750 delegates and very long queues for the bar on the Monday evening. RM2 were delighted to be an exhibitor and a contributor, and the feedback from...
Background RM2 is an employee owned consultancy specialising in the design, implementation and administration of all types of employee share plan arrangements. Our clients include private companies and those listed on AIM or similar markets. Form more information please visit our website at www.rm2.co.uk. We...
The directors and staff of RM2 are delighted to report that, following a full quality audit, we have retained our ISO 9001:2015 accreditation in quality management and system processes. ISO 9001:2015 is the leading internationally recognised quality standard for business management. Continually meeting the demanding requirements of...
On the occasion of its 25th birthday, RM2, the market leading employee share schemes and EOT consulting business, is converting to full employee ownership as the present owners transfer their entire shareholding to an Employee Ownership Trust. Since 1994, RM2 has helped private companies set up...
On 28th November 2018, the Investment Association (“IA”) published a revised version of its principles of remuneration. The main changes are: Firstly, a recommendation of a minimum two-year period during which executives are required to hold their shares post any termination of their employment that may have...
In time honoured tradition, we hereby stick out our necks and make five bold predictions for what might happen in our world of employee share ownership in 2019. Employee Ownership Trusts (“EOT”) will graduate from niche to mainstream, five years after their introduction in the...
The big story of the year has been the increasing number of companies converting to employee ownership by selling to an employee ownership trust (“EOT”). Here’s a run down of what went down this year in the world of employee share schemes and employee ownership: January: Trust...
A recent case in the high court gives some helpful pointers about decision making by trustees of employee benefit trusts (EBTs). This may be of particular interest to employees who have been appointed as trustees of an EBT or an Employee Ownership Trust (EOT) to...
The government recently announced a review of the share buyback rules, intended to identify whether the rules are being abused by companies to inflate company value, thus justifying increased executive pay. For more information, see here. For unquoted companies, buybacks – ie the purchase of own...
It has always been the case that all UK trusts must be registered with HMRC. The registration must be made by 5th October following the tax year in which the trust was established. Up until recent times the completion of a paper form 41g would suffice...
Many of our private company clients operate Employee Benefit Trusts (EBTs) as these can be a very useful way of warehousing shares for use in employee share schemes. An EBT can also provide an internal marketplace, particularly for leavers to sell shares back to the...
As part of the Chancellor’s 2014 budget, a new form of Employee Benefit Trust was created: the Employee Ownership Trust. These trusts were created to help facilitate the creation of stable, long term, employee owned companies. To assist with this, the trusts benefit from two key...
One question that comes up fairly often when speaking with clients regarding succession planning is whether an Employee Benefit Trust (EBT) or Employee Ownership Trust (EOT) is the better option if shareholders want to incorporate employee ownership in their succession planning process. The answer...
This blog has been reproduced with the kind permission of Jeremy Glover of Jurit Law. Employee Benefit Trusts are constantly under attack by HMRC. Many are restricted in their operation as a result of Part 7A Income Tax (Earnings and Pensions) Act 2003 in that many...
For many modern UK employers considering how to attract and retain talent in competitive marketplaces and how to secure the best performance, the option of Employee Ownership is a definite consideration. Research consistently shows that Employee Ownership (EO) is an excellent way to increase engagement,...
