Friday, August 12, 2022

Ownership change for training firm

Staff at a Dronfield-based training firm have been handed an opportunity to share in the financial success of the business after its owner sold the company to an Employee Ownership Trust.

Ascento has switched to an employee-owned business model, meaning all 20 employees have been given indirect ownership in the company via the trust.

Previous sole owner Chris Ash will continue to act as Managing Director for the business but its future profits will be shared with staff on a yearly basis.

Outgoing owner, Chris Ash, said: “I am excited to step aside as the sole owner and cannot wait for the whole team to share in the next exciting stage of our journey.

“Becoming employee owned means we are stronger together, means we can all share in our successes and means the culture we have strived, and continue to strive, to develop is maintained through a collective spirit and drive.”

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