Architectural practice Anderson Bell + Christie has become the latest Scottish business to announce its transition to employee ownership – an increasingly popular business model.
Following the transfer of 100 per cent of the business’s shares into an Employee Ownership Trust, the 38-strong team at Anderson Bell + Christie now share ownership of the Glasgow-based firm.
Anderson Bell + Christie boasts an extensive and diverse portfolio which has won the practice a raft of prestigious national and international awards and commendations over the past two decades.
Anderson Bell + Christie was originally established in the early 1990s as a private partnership by Karen Anderson and David Christie who were later joined by Adam Bell, Bruce Brebner and Stephen Lamb. Following a period of planned transition, Adam and Stephen formed a new partnership in 2012.
Looking to find a suitable business succession solution which would ensure the continued success of the respected practice, Anderson Bell + Christie first learned about the option of employee ownership at a presentation by Co-operative Development Scotland – the arm of Scottish Enterprise arm which supports business growth by promoting collaborative and employee ownership models. The firm’s management team then invited CDS specialist adviser Glen Dott to provide more tailored information which would help it to assess the feasibility of employee ownership for the business.
All of Anderson Bell + Christie’s employees were then involved in discussions on the potential buyout and a team of staff representatives was tasked with researching key aspects. As part of this, they looked at examples of businesses which had already made the move to employee ownership, including some within the architecture sector. This enabled the whole practice team to reach the decision that taking over control of the company offered significant potential to benefit everyone involved and deliver a positive impact on the business.
The process of buying over the practice was then initiated by setting up an employee ownership trust – a means of enabling staff to own a company without having to raise their own funds. Employee Ownership Associates and Co-Ownership Solutions provided very valuable guidance on the transfer of control of the business, legal services were provided by Blake Morgan LLP and Lindsays, and Robb Ferguson Accountants provided financial services.
Jonathan McQuillan – one of Anderson Bell + Christie’s Directors, together with Adam Bell, Stephen Lamb and Stuart Russell – says: “We’re delighted to have successfully made the move to employee ownership and are extremely appreciative of all the professional advice and guidance we’ve received to help us switch to this business model – in particular we would like to thank Andrew Harrison from Co-Ownership Solutions and Janice Alexander from Robb Ferguson. We feel this ownership model is compatible with our practice’s ethos and the values we’re committed to of promoting equality, wellbeing and innovation, so we’re excited for our future.
“Enabling us to continue building on the success the firm has achieved to date, employee ownership will also open up new and different avenues for us. We’ll be in a stronger position to capitalise on opportunities to realise our vision for the company. The fact that staff will now benefit directly from the business’s outstanding performance is a great asset – it will help us retain our fantastic experienced professionals and also be able to attract great new talent.”
Sarah Deas, director at Co-operative Development Scotland, said: “I’m delighted that Anderson Bell + Christie has joined the growing number of architectural firms across the UK which are now employee-owned and I wish the team every success. Last year The Architects Journal featured an article on the reasons for 15 of the country’s top practices adopting the employee ownership model and why more are expected to follow. It’s great to see this practice joining the pioneers in the sector.”
There are around 110 employee-owned companies operating in Scotland, with approximately 7,500 employee-owners generating a combined turnover of around £950 million. Statistics consistently demonstrate that employee-owned businesses outperform their non EO counterparts in terms of higher levels of profitability, improved business resilience during times of recession, and increased productivity brought about by higher levels of engagement and enhanced employee wellbeing.