Debt recovery business Newlyn has become an Employee Ownership Trust (EOT).
Last year the boards of Newlyn Group Holdings and Newlyn plc decided that the EOT route provided a pathway to ensuring the civil enforcement agents’ continued independence in a market subject to company amalgamations and takeovers.
Employee Ownership Trusts are a government initiative that promote employee ownership by giving business owners the opportunity to sell their shares to an employee owned trust free from...
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