Richer Sounds has recently become a high-profile addition to the growing number of UK employee-owned companies. Julian Richer the founder owner has transferred 60% of the company shares to an employee ownership trust, handing control of the company to his employees. It felt like the ‘right thing to do’ for this unorthodox ethical capitalist.
Julian founded the company in 1978 and believes having reached the age of 60, although not ready to retire yet, it was time to consider the future of the firm.
David Robinson, chairman of Richer Sounds, said: “It’s incredibly exciting times and allows our colleagues to feel even more connected to the company. They have a real stake in the success of the business and can take pride in knowing that they are shareholders, building for the future.”
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