A Local Printer Ltd is proud to have been an Employee-Owned Trust (EOT) since 8th September 2022 when the two owners of ALP gifted 80% of the business to the employees. Our employee-owned status engenders engagement, commitment and purpose towards a common goal of performance and stability.
What is an EOT company?
An employee-owned business is a company in which the employees own a significant or majority stake in the business. It ensures that the ALP employees are consulted and have input on company decisions and guarantees that there is a consensus of opinion over the interests of the business.
Key advantages of being an EOT business
With the employees also being owners there is a stronger commitment to the success of the business, with enhance motivation and commitment. At ALP we are delighted to be in a position to profit share with our employees – literally giving them a share in the success of the business.
Our employees are fully invested in the success of the business and more engaged in finding ways to be more efficient, saving money and being innovative. Inter-department collaborations combined with a sense of being part of something has elevated our employees even further to become a fully integrated, motivated and loyal workforce.
Being an EOT business also provides stability. With the employees being part of the decision-making process, any significant changes regarding the business means it is less likely to be sold and thereby preserves jobs and company values. At ALP a transparent decision-making process ensures our employees remain engaged and focussed on creating a stronger and more profitable company.
What being an EOT means us
As an Employee Owned Trust we are fully committed to our employees well-being and our customers satisfaction. At ALP we continue to strive towards delivering a great product at a reasonable price and meeting our customers’ requirements in a timely manner. We are also focussed on making profit for sharing through cost-saving initiatives and employee led innovation. Our successes are based on shared goals, a unified, motivated and empowered workforce and the desire to succeed.
As a company that is deeply committed to sustainability and ethical practices, the alignment of employee ownership with sustainable business practices is also particularly compelling. It drives initiatives that benefit not just the business, but also the broader community and environment.
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