Leading Scottish ERP business becomes an Employee Owned Company

02/04/2024
The Cofficient team - Left to Right: Luise Reid, Lukasz Formela, Myra McKinnon, Greig Kerr, Paul Tindal, Paul Grant, Alison Grant, Kenny Wands and Ben Hille.

COFFICIENT, a leading Scottish Oracle NetSuite and SAP  partner, is proud to announce their transition to an employee-owned company. This significant step underscores Cofficient’s longstanding commitment to its team and a future built on shared success.

By placing ownership directly in the hands of its employees, Cofficient is creating a powerful environment that fuels innovation and exceptional client service.  This dedicated team, now with a personal stake in the company’s success, will be even more driven to deliver outstanding results for Cofficient’s valued clients.

“It is great to see another Scottish company embracing the opportunities of employee ownership. The advantages are easy to see – not only does it give employees a meaningful stake in their organisation together with a genuine say in how it is run, but employee-owned businesses are also proven to be more resilient during times of economic crisis, more productive, more profitable and have more engaged staff.” Said Darah Zahran, Team Leader of Co-operative Development Scotland at Scottish Enterprise.

Employee Ownership: A Shared Vision

Cofficient’s directors and co-founders, Paul Grant and Paul Tindal, see this transition as a natural evolution of the company’s core values. “We’ve always believed in putting our people first,” says Paul Grant. “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.”

Luise Reid, an ERP consultant at Cofficient, echoes this sentiment. “This is an exciting time to be part of the Cofficient team,” she says. “Knowing that we’re all owners strengthens our sense of purpose and gives us even greater motivation to deliver exceptional service to our clients.”

A Seamless Transition for Clients

Cofficient assures its clients that this ownership shift will have no impact on the exceptional service they’ve come to expect. The company remains dedicated to providing high-quality, reliable NetSuite and SAP solutions. In fact, with a team that’s even more invested in the company’s success, Cofficient anticipates an even stronger commitment to client satisfaction.

Cofficient is filled with enthusiasm for the future as an employee-owned company.  With a team that’s deeply invested in the company’s success and a long-standing commitment to people-centric values, Cofficient is poised to push boundaries and reach new heights.

“We’re incredibly optimistic about what lies ahead,” says Paul Tindal. “Together, we’re ready to take Cofficient to the next level, continuing to provide exceptional service and innovative solutions for our clients.”

David Beveridge, Managing Director of Macdonald Henderson Ltd, who have supported Cofficient, said: “It has been Macdonald Henderson’s privilege to have supported the company on corporate and commercial (legal) matters for a number of years, and to witness the growth of the business and its blue chip client base. We are delighted to have advised Cofficient and its dynamic leadership team on this exciting transaction, and wish the employees and all stakeholders every success for the future.”

Also supporting Cofficient through the transition, John Blair, Corporate Finance Partner at Consilium, said: “We are delighted to have supported Cofficient on the transition to Employee Ownership and we look forward to seeing the business go from strength to strength.  We are advising on an increasing number of similar transactions as owners start to see the tangible benefits of Employee Ownership.”

The latest stories