Blake Morgan supports Terence O’Rourke in move to give staff ownership of business

Posted on 3rd March 2022

Blake Morgan has supported the award-winning planning, design and environmental consultancy Terence O’Rourke Ltd in granting its staff members full ownership of the company through the establishment of an employee-owned trust (EOT).

The leading law firm helped Terence O’Rourke’s board navigate the complex challenges of moving away from private ownership and creating the EOT which gives all of the company’s staff a meaningful stake in the business. The transition to an EOT is an exciting and appropriate way forward for Terence O’Rourke, ensuring a sustainable succession strategy for the benefit of all of its people.

Blake Morgan played a critical role in the formation of the EOT, tailoring the necessary structures and governance agreements to fit the company’s objectives. It then advised the EOT in purchasing the company and the entire process of transferring ownership to the benefit of all directors and employees. The team on the project was led by partner Mathew Wilson, who has recently been recognised for his work with a shortlisting for Small Deal of Year as well as being shortlisted for Lawyer of the Year at the Solent Deals Awards 2022.

David Ellis, Director at Terence O’Rourke, said:

Blake Morgan, led by Mathew Wilson, played a critical role in helping the Board navigate the often complex, and difficult decisions required in the successful formation of an EOT, flagging key issues and potential stumbling blocks at the earliest stage. While EOT’s all share some common principles, one size does not necessarily fit all, Blake Morgan were able to assist us in shaping the necessary structures and governance agreements to fit our company, and our stated aims and objectives.

He added: “I would have no hesitation in recommending Mathew Wilson and his team to anyone considering an EOT structure.”

Mathew Wilson, Partner at Blake Morgan, said: “The EOT process is theoretically a relatively straight-forward one, however once you really understand the dynamics of a business and how it is owned and managed as well as the expectations of the key stakeholders, the process quickly becomes a complex one and brings with it unique challenges from company to company.  Whilst an EOT will not be appropriate for every business, it can be such a powerful way forward to secure the tenure and longevity of a business for its staff and clients. This is a wonderful way to reward the passion and excellence of Terence O’Rourke employees, and we look forward to seeing the business go from strength to strength.”

Specialist corporate and commercial legal advice

Speak to one of our experts

Arrange a call

Enjoy That? You Might Like These:

28 November
Blake Morgan’s Succession & Tax team in Cardiff has been named as the Private Client Team of the Year at the 2023 Wales Legal Awards. Read More
28 November
Hot topics such as inheritance tax, powers of attorney and Wills were covered in Advice Hour on BBC Radio Wales by Lisa Davies. Read More
24 November
Blake Morgan has advised and assisted the Development Bank of Wales on a scheme that will benefit people struggling with their mortgage. Through the Development Bank, the Welsh Government is... Read More