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With offices in Glasgow and Paisley, Allstaff provides recruitment services for permanent and temporary staff for organisations across the manufacturing, engineering, warehouse, logistics, office and professional services sectors across the west of Scotland.
TLT provided legal advice on all aspects of the creation of the ownership trust. The deal was led by corporate partner Douglas Roberts, supported by senior associate Nimarta Cheema.
Carolyn Moir Grant, majority owner of Allstaff commented: “I’m hugely grateful for the help and support provided by TLT throughout this transaction. I’m immensely proud of what we have achieved at Allstaff in the last 40 years and it was extremely important to the agency to continue its legacy of providing a personal service. The employee ownership trust allows us to maintain our unique way of working. TLT’s understanding of this business model allowed us to navigate the transaction seamlessly from start to finish.”
Nimarta Cheema, senior associate at TLT said: “It was a pleasure to work with Allstaff and support them through this significant ownership transition and to get to know Carolyn and the business. Allstaff’s move reflects a growing interest in this type of ownership model and demonstrates a growing trend towards EOTs becoming an established succession option which rewards and motivates staff.”
The news follows the announcement that TLT recently supported Scottish steel company Alexander (Scotland) & Co Limited on its sale to an employee ownership trust after it had been serving customers for 75 years.
21 September 2023
News 04 SEPTEMBER 2023