Succession Planning: Employee Owned Trusts
A new EOT: Our experience of making the leap
Dave Dickson & Jo Harris, HeartVets EOT
HeartVets the largest independent cardiology referral service in the UK, have just completed the transition from a traditional model of vet ownership to Employee Owned Trust (EOT). Wanting to preserve the practice ethos and yet keep the business growing, without the worry of corporate ownership and the inevitable changes that follow, they felt the EOT model offered a win-win for owners and employees alike. Dave and Jo will discuss the process of making this change and outline the advantages and pitfalls of EOT.
Three Years On: What have we learned
Matthew Flann, Pennard Vets
Matthew will discuss the three-year journey of Pennard Vets under an Employee Ownership Trust (EOT), sharing real insights into the highs and lows since the transition. He will cover what works, what still needs attention, and how they have managed growth and team expectations. Drawing from practical experience, Matthew will also explore the challenges of maintaining the practice’s ethos while preserving independence. Is it worth it? Join to hear first-hand whether EOT truly delivers long-term benefits for owners and employees.
Learning Outcomes
- Understand what an EOT is and the implications for owners and employees.
- Discover the process behind making the transition.
- Appreciate the advantages and potential downfalls of this model of ownership.
