Childbase Partnership named UK ‘Employee Owned Business of the Year’
Just weeks after becoming a National Champion in the European Business Awards, Childbase Partnership has been named UK ‘Employee Owned Business of the Year’.
In a competition open to hundreds of Employee Ownership Association members like John Lewis Partnership, Childbase Partnership was praised for brilliant performance in introducing the National Living Wage in all its 44 day nurseries five months before the Government deadline, and providing an example to all in adapting to change while keeping faith with employees.
Accepting the Employee Owned Business of the Year Award at the Birmingham NEC, Angela Brown, Elected Trust Director, and Team Leader at Woodcote Day Nursery in Purley, said:
“As an employee owner of Childbase Partnership, I take enormous pride in accepting this prestigious award especially as we are preparing to move to 100 % employee ownership next year. I also want to thank our CEO Mike Thompson for his inspirational leadership and determination to put the company in the hands of employees.”
The award recognises a 16 year journey to full employee ownership at the company which has included an employee ‘Save to Buy’ share scheme, incentivised with ‘Buy One get Two Free’ initiatives. From May 2017 all shares in the company will be held in trust to benefit all employees.
The Employee Ownership Association has members from a diverse range of sectors and organisations of all sizes which contribute £30bn to UK GDP annually. The ‘best of the best’ were celebrated at the annual conference and awards ceremony held in Birmingham NEC.
Awards Judge Beth Carruthers, Chief Executive of Remploy, said of Childbase Partnership:
“One of the things that I think is truly amazing is that Childbase has taken the National Minimum Wage and applied it to all their employees, not just those over 25, but every employee in the business. That is a huge step for an organisation such as Childbase. Again, it demonstrates the equitable nature of the organisation treating everybody the same and that is impressive.”
Judge Jane Burgess, of John Lewis Partnership, said:
“Childbase is moving from a share structure to a trust structure and what that demonstrates for me, and what others can take away from this, is that if you continue to work hard and to change and evolve, as things around you change and evolve, you will always have your employees with you.”
Childbase Partnership is founded on the principle that employee well-being, engagement and retention are critical to consistently high quality provision. In practice, that means giving every single employee a voice in the decision-making process, through a 44-member elected Partnership Council, and a share in the company’s success. All employees are, therefore, invested in giving each and every child in nursery the very best start in life.