Consilium advises Cofficient on transition to employee ownership

Consilium Chartered Accountants has advised Cofficient on its successful transition to employee ownership. 

The firm provided tax and corporate finance advisory services to the founders of the business, who have sold the company shareholding to an employee ownership trust. 

Cofficient is a specialist provider of Oracle NETSuite and SAP solutions to businesses across multiple sectors like retail, life sciences, financial services and manufacturing, with clients including brands Ooni Pizza Ovens, Lovehoney and Actavo.

Paul Grant, co-founder of Cofficient, said: “Consilium were essential advisors in the transfer to employee ownership. Their insight and advice ensured a smooth transition and positive outcomes for the co-founders and our team.

“We’ve always believed in putting our people first. Employee ownership is a perfect fit for our vision. It empowers our team and allows them to share directly in the rewards of their hard work and dedication.”

John Blair, partner at Consilium, added: “As a business exit strategy, selling to employee ownership is growing in popularity in Scotland. Cofficient are a great example of how business founders, their teams and customers can enjoy a win-win scenario as companies enter the next stage of their growth and development.

“Entrepreneurs like this model because it offers them the chance to exit a business at their own pace and safeguards the future legacy of the company they have built.”