We’re pleased to have advised Totum Partners, a London-based specialist recruitment consultancy, on its strategic transition to an Employee Ownership Trust.
Founded in 2012, Totum Partners is a recruitment and executive search company that specialises in sourcing leadership and business services talent in the legal and professional services sectors. As a qualified B Corp, the business has a particular focus on promoting diversity in leadership roles and runs the Totum Foundation, which provides funds and support for individuals and organisations in developing employability.
Totum Partners has now become 100 per cent employee owned, after establishing a new Employee Ownership Trust to hold the shares on behalf of its employees. Founders Tim Skipper, Debbie Gray and Gary Jones will remain active in the business, with responsibilities transferring gradually over time to ensure continuity and protect the independence, culture and quality of service on which its clients rely.
Our Corporate Finance team acted as lead advisers to Totum Partners, providing initial strategic, financial and tax advice, enabling the business to ascertain whether or not employee ownership was the right ‘fit’ for the business. Once a decision was made to proceed, our team provided independent share valuation services, financial modelling, and further tax advice to ensure a smooth transition for the business to its new ownership model.
