Hi-Tech Automation Ltd

Employee Ownership is where the whole or part of a Company is owned by, or on behalf of, its employees. The government introduced some new and relatively generous tax reliefs for employee-owned companies in 2014 and since then Employee Ownership Trusts (“EOT”) have become an increasingly popular exit route for owners of trading companies. A business owner choosing to sell a controlling interest to an EOT may be eligible for exemption from capital gains tax.Hi-Tech Automation Limited (“Hi-Tech” or “the company”), an automation and robotics company based in Kettering, in their transition to Employee Ownership (https://hitechautomation.com/).The founders were keen to find a suitable succession strategy, whilst providing a secure future for the company and their employees. Hawsons were able to provide a solution that was both tax efficient and gave the workforce an opportunity to participate in and benefit from ownership of the company they work for.12 months later, Hawsons caught...