Trowers & Hamlins Advised Wilson James On Transition To Employee Ownership Trust

Trowers & Hamlins advised Wilson James on transition to Employee Ownership Trust

International law firm Trowers & Hamlins has assisted Wilson James with its transition to an Employee Ownership Trust (EOT). Wilson James is a recognised leader in the delivery of complex, integrated services across a broad range of industries, including aviation, security, logistic, and infrastructure, throughout the UK and beyond.

Employee ownership is increasingly seen in people-centric organisations looking to protect their independence and incentivise staff and EOTs provide a vehicle to achieve that. Effective from 3 February, 51% of Wilson James shares have been transferred into an EOT while the original leadership team hold the remaining shares and will continue to lead the business.

Working closely with Grant Thornton who were lead financial advisers including advising on tax, debt financing and set-up of the trust, Trowers advised on the related share reorganisation, new shareholder arrangements and relevant approvals. Trowers also assisted with a new banking facility.

Adrian Jones, Head of Corporate at Trowers & Hamlins, said,

"Employee Ownership Trusts can be a powerful force for good, helping businesses protect their culture while giving employees a meaningful stake in long-term success. We were pleased to support Wilson James through the transition, working closely with Grant Thornton and the EOT trustee, as well as assisting with the new facility. We are looking forward to seeing the next phase of Wilson James' growth."

The Trowers & Hamlins, team was led by Adrian Jones (Partner), with support from Claire Scanlon (Legal Director), Lucinda Mills (Associate), and Will Green (Senior Paralegal) in the Corporate team. Banking support was provided by Jonathan Grosvenor (Partner), Emilia Smart (Associate), and Bodhi Kathari (Associate).

The Grant Thornton team was led by Usman Malik (Head of Business services), with support from Chris Thompson (Associate Director), tax advice was led by Monique Beaulieu (Patner) ,with support from Tara Walker (Senior Manager, Tax specifically Share Plans and Incentives), and the debt financing support was led by Adam Hughes (Partner), with support from Amy Wright (Director, Corporate Finance specialising in Debt Advisory) and Sarah Mackey (Associate Director, Corporate Finance).

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