A marketing agency in Durham has been taken over by its staff after becoming an Employee Owned Trust.
Around 100 members of staff at Voicentric will soon be eligible for a share of the company’s profits after its founder Paul Williams decided to hand over the company to his employees.
Mr Williams said: “We know that our people are the heart of the business and what governs its success. Many of our team have been with us for several years and we felt it only right that they should have a stake in the ongoing success of the company.”
The company works across three offices in Durham city and specialises in marketing laboratory and analytical instruments for the chemicals market. The company was founded in 2002 and is capable of marketing products to businesses around the world as 40% of its staff are multi-lingual, with staff capable of speaking all major European languages as well as Mandarin and Arabic.
Commenting on the Voicentric’s conversion to an Employee Ownership Scheme, managing director Ali Turner said: “We are all really excited by employee-ownership and the culture change it brings. Being 100% employee owned means that everyone has a vested interest in our success, we are determined to take every advantage of the opportunity we have.”