Consilium Chartered Accountants, a member of The Corporate Finance Network, Consilium has advised the owners of an Cofficient on their sale to an Employee Ownership Trust (EOT)
Consilium 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. Their clients include leading brands Ooni Pizza Ovens, Lovehoney and Actavo.
Consilium Corporate Finance partner John Blair was engaged as lead advisor to co-founders Paul Grant and Paul Tindal. Paul Grant 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.”
Discussing the decision to transition to employee ownership, co-founder Paul Grant said: “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.”
Consilium partner John Blair said: “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.”
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.”
About Consilium:
• Since its inception in 2013, Consilium has grown to a team of 55 led by partners John Blair, James Goodman, David Holt, Derek Shaw, Linzi Wilson and Craig Coyle
• The company’s mission is to help people achieve their goals – including both clients and team members
• Consilium provides comprehensive Audit, Accounting, Corporate Finance, Tax, Cloud Accounting and Payroll services to owner-managed businesses and entrepreneurs
• The firm is based in Glasgow but provides services to clients across Scotland, the UK and internationally via their membership of Kreston Global.
• For more information visit consiliumca.com
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