YTKO Ltd is delighted to announce that it has now become an employee-owned business.
YTKO was established in 1978 as a privately owned consultancy business, providing strategic growth and marketing services to businesses, and later also via publicly funded support programmes helping to drive inclusive economic growth. With the existing management team set to stay on under the new structure, the deal will preserve the independence of our business while enabling all colleagues to share in its future success.
With seven regional offices across the UK, YTKO has helped more than 70,000 entrepreneurs and businesses, raising over £100 million in funding while supporting the creation of more than 17,000 jobs.
YTKO appointed FRP Corporate Finance as lead advisors to assist with transitioning the ownership of the group to an employee ownership trust (EOT). The FRP team was led by partner James Cooper and director Matt Field, and worked alongside YTKO’s legal lead advisor, Alex Saunders from Leathes Prior.
Bev Hurley, Chief Executive at YTKO, said:
“After a lifetime running businesses and then building the YTKO Group to 100+ people and £7.5m turnover, I thought carefully about various exit and succession options for some time. Establishing an Employee Ownership Trust was the best way to ensure that our values endured for the next 40 years.
I’m delighted with the excellent support provided by our advisory team at every step of the journey into the EOT. We have always only achieved what we have through the hard work and dedication of our people, and it feels absolutely right they should share in its future success.”
