Employee ownership pioneer Dennis Overton to urge other firms to follow same path as Aquascot

A Scottish pioneer of employee-owned business is to share his expertise to encourage other entrepreneurs to follow the same path.

Dennis Overton and his co-founders made Aquascot into Scotland’s largest home-grown employee-owned business in 2016.

They put the Alness seafood business into a trust which is now chaired by Overton.

Although tax changes make employee ownership more attractive for entrepreneurs running successful businesses, Dennis believes the wider business community remains unaware of the opportunities.

He will speak at a Focus Dinner organised by Entrepreneurial Scotland, the leadership development organisation, and held in association with Highlands and Islands Enterprise.

Overton said: “Every entrepreneur has to think about an exit strategy at some point. Selling to a trade buyer or private equity isn’t necessarily the only option and EO can be a brilliant route. It is rewarding for the founder but also for the teams which contributed to the success of the company, as well as for the community where the business is based.

“While EO is not a guarantee of success, it is clear from our experience that it is a valuable means of generating a sustainable and stable business in the North of Scotland. EO has had a real impact on all aspects of our operations, making a positive difference to our performance and productivity.”

The dinner takes place as the sector, collaborating with Scottish Government, has formed a new industry leadership group which hopes to increase the number of employee and worker-owned businesses from 100 to 500, by 2030.

Sandy Kennedy, Chief Executive of Entrepreneurial Scotland,  will chair the dinner on Thursday, 21st March at Kingsmill Hotel, Culcabrook Road, Inverness.


Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.