In this episode of the Business Compass podcast, host Richard Coulthard speaks with James de le Vingne, CEO of the Employee Ownership Association (EOA), to explore the rise of employee-owned businesses in the UK. From succession planning to social impact, their conversation reveals why more founders are embracing employee ownership, and what it means for the future of work.
James’s path to the EOA is anything but typical. A fine art graduate turned NGO advocate, he spent nearly a decade working across Africa on landmine clearance and education reform. These experiences shaped his belief in fairness and structural change. These principles now guide his leadership at the EOA.
Since joining the association three and a half years ago, James has championed employee ownership as a model that benefits not just businesses, but also communities and the wider economy.
Listen to the full episode here.
What Is Employee Ownership?
Employee ownership is a flexible business model that gives staff a meaningful stake and voice in their organisation. Whether through profit-sharing, equity, or governance, it encourages long-term thinking and local resilience.
The most common format in the UK is the Employee Ownership Trust (EOT), introduced in 2014. It enables founders to sell their business to employees in a tax-efficient way, preserving culture, legacy, and purpose.
Why Founders Are Choosing EO
James highlights the appeal for founders, especially those nearing retirement. Traditional exit routes like trade sales or private equity often risk job losses and cultural disruption. EO offers a values-driven alternative: a planned exit that rewards employees and protects the business.
It’s not just about tax benefits. It’s about aligning purpose with profit and ensuring continuity under the stewardship of those who helped build the company.
Independent research commissioned by the EOA shows:
- 70% of EO businesses report higher employee engagement
- EO firms outperform peers by 8–12% per capita
- EO businesses are more likely to anchor jobs locally and invest in sustainability
James calls this the “corporate conscience”, a collective drive to do business better.
With over 2,500 EO businesses in the UK and growing, the sector is gaining momentum. James envisions EO becoming a recognised mark of quality, like B Corp or ISO certification. The “Proudly EO” badge is already helping businesses signal their values to customers and partners.
International interest is rising too, with countries like Canada and Slovenia exploring similar models. As James puts it, “The UK is a global leader in employee ownership, and we have a responsibility to show what’s possible.”
A Message From James:
If you’re existing EOB – focus on being the best you can be, and continue to share. If you’re considering EO and it feels right for you, jump!
For Guidance on Becoming an Employee Owned Trust:
Contact Richard Coulthard on 0113 284 5095 or via email at richard.coulthard@isonharrison.co.uk. Richard was directly involved in the implementation of the Ison Harrison EOT Scheme and can talk personally about the process and practical considerations.
We’re excited to be attending the EOA Annual Conference at the Telford International Centre 25–26 November. As the UK’s flagship event for employee ownership, and the largest of its kind in Europe, it’s a unique opportunity to connect, learn, and be inspired.
Visit here for more information.
