The co-owners of one a Scottish creative agency have handed ownership of the company to its employees, as part of plans to secure the future of the business they have owned for over 20 years.
Dynam’s 16 employees will now have an influence over key decisions going forward.
Eleanor Neilson, co-managing director of the agency with offices in Inverness and Glasgow, said: “Karen and I have been considering the future of Dynam for a while.
“We chose the employee ownership route because we believe it embodies the culture of the agency and will strengthen team continuity, making everyone feel increasingly committed to and engaged with the success of the business going forward.”
Fellow co-managing director Karen Green added: “We did consider a sale to a third party, but rejected that very quickly as it would undoubtedly have disrupted the way we work and may have jeopardised our culture and, importantly, the employment of our people.”
Neilson and Green will transfer their shares to an Employee Ownership Trust, while still managing day-to-day operations going forward.
Dynam was established as a full-service agency more than 20 years ago, providing brand, marketing, design and web services for the likes of Mowi, Orion, Nature Scot, Highlands and Islands Enterprise and Orkney Harbours.
Senior account director and part of the Dynam leadership team, Fiona Patience, added: “Long term, this model lets the team benefit from the company’s continued success and gives everyone a say in the future direction of the company.
“With a talented team in place, we expect the company to continue to grow and flourish going forward, building on the work of Eleanor and Karen in the last 20 years.”
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