Pest Control Supermarket.com (PCS) has transitioned to an Employee Ownership Trust (EOT), in a deal advised by accountants Hawsons.
PCS, a Sheffield-based online supplier of pest control products, undertook this transition to strengthen its future while ensuring continuity for employees and customers. As part of the process, Hawsons also advised on a group reorganisation to ensure the business was structured appropriately before the EOT transaction.
Jack Ware, Corporate Finance Director at Hawsons, said: “Helping businesses transition to employee ownership requires careful planning to ensure the structure is right for the company and its employees.
“Every transaction is different, and it was important that this transition not only met the company’s commercial needs but also provided a strong foundation for future growth. It has been a pleasure working with the PCS team to put the right framework in place.
“PCS is a great Sheffield based business that has successfully implemented a growth strategy over recent years and has plans for further growth under its new ownership model. With more businesses exploring EOTs as a succession option, having experienced guidance through the process is crucial.”
Allister Ashmore, Managing Director, PCS, added: “Transitioning to an EOT was a strategic decision to safeguard the future of the business, ensuring our employees have a real stake in its ongoing success.
“As a business with strong roots in Sheffield, ensuring local jobs and the long-term stability of PCS were key considerations in this transition. Hawsons’ guidance was invaluable in helping us navigate the process efficiently and structure the transition to support long-term stability.”
Legal aspects of the transaction were managed by Peter Turk and Michael Hall of Knights, with Clare Darwood overseeing the property elements.
 has transitioned to an Employee Ownership Trust (EOT), in a deal advised by Hawsons.){kind=link}