For our clients it means business as normal. But for the team at Interaction Learning and Development, it means a lot more. On 4 February 2019, after a four-year journey, the Bristol-based company will be debt-free and fully owned by its employees.
It marks an exciting new stage in Interaction’s 20-year history. Here’s how we reached this point:
1995: Interaction was founded
2007: Interaction’s founders started passing over day-to-day management of the business.
2013: A management buyout was mooted but quickly put aside in favour of an Employee Ownership approach.
2014: We engaged Baxendale to facilitate and advise on the process and transition.
2015: Ownership was passed to the employees using a hybrid model, with the majority of shares held in a trust, and a small percentage owned directly by those employed before 2007.
2016: The first profit-share was paid and continued each year until…
2019: 4 February - the final debt payment was made, marking an exciting new chapter.
This means we join the growing body of employee-owned organisations including the likes of John Lewis, Aardman Animations and Alistair Sawdays.
For us, employee ownership is a natural step. Our culture is one which puts people first and we strongly believe in creating an enjoyable, motivating and fulfilling place to work. This in turn feeds into the quality of our work and the strong, productive relationships we build with our clients.