2021 has been an outstanding year for Catalyze; notably we have celebrated our 20th year of supporting our customers, continuing to grow the team, and helping to deliver some significant outcomes.
Looking to the next 20 years and beyond, we wanted to reinforce and protect the employee and client focused values that we enjoy today. So we are delighted to announce that Catalyze has embraced employee ownership using the Government’s Employee Ownership Trust (EOT) model. We have completed the transition and Catalyze will continue to engage with our clients as before, but the business will now be run on behalf of its new beneficiaries, our employees. This is exciting news for Catalyze, our entire team and our clients.
The EOT has provided Catalyze with an opportunity to enshrine our values and continue to share our successes with our employees, whilst delivering the best service possible to our clients.
In the words of Bob Kitchen, Founder of Catalyze: “After evaluating options to underpin the future of Catalyze and build upon 20 years of success, embracing employee ownership was an obvious choice; it is a natural evolution and reinforcement of our current way of working. This is an exciting step for our business and a great way to start the next 20 years of Catalyze.”
In making this change, Catalyze joins over 1100 other companies in the UK who have already become EOT organisations. Independent evaluation of EOTs has highlighted significant benefits:
- Because they’re co-owners, staff in employee owned businesses tend to be more entrepreneurial and committed to the company and its success.
- Because they’re run in an open way, employee owned businesses tend to have a strong commitment to corporate social responsibility and involvement with the communities they operate in.
Successive Governments have promoted employee ownership because they recognise its potential contribution to the economy. A range of factors combine to make employee owned businesses an asset to the UK economy:
- The employee owned business sector adds to the diversity of Britain’s economy by offering a vibrant and different model for achieving business success.
- Companies which are employee owned, or who have large and significant employee ownership stakes, now contribute £30 billion to GDP.
- The sector is growing because employee ownership is proving to be a durable, successful business model that’s extremely well suited to the challenges of 21st century management.
We look forward to starting 2022 as an employee owned business and continuing to build on the hard work and success of the past 20 years