Employee Ownership Trust- People 1st Embarks on Exciting New Ownership Structure

Employee Ownership Trust- People 1st Embarks on Exciting New Ownership Structure
People 1st Announce the good news that they are an Employee Ownership Trust from 1st June, 2024

We are delighted to announce that People 1st is now an Employee Ownership Trust. As a leading training organisation established in 1992 and having completed a Management Buy Out in 2002, is thrilled to announce a significant milestone in its journey towards sustainable growth and employee empowerment. Effective from 1st June 2024, the company will transition to an Employee Ownership Trust (EOT) model, marking a momentous shift in its ownership structure. The company recently held a celebration event in The Dunadry Hotel in Antrim to announce this incredible transition to all its team members, and also thank staff for their input in a very successful recent ETI inspection.

What is an Employee Ownership Trust?

An Employee Ownership Trust is a legal entity that holds a significant stake in a company on behalf of its employees. Under this model, employees become beneficial owners of the business, ensuring a more equitable distribution of wealth, and fostering a sense of shared purpose and responsibility.

People 1st, renowned for its innovative vocational and bespoke training solutions, has been at the forefront of the industry for over three decades. Serving statutory, non-statutory, and voluntary organisations across Northern Ireland and the Republic of Ireland, the organisation has earned numerous accolades for its commitment to excellence and client satisfaction.

Employee Ownership Trust- People 1st Embarks on Exciting New Ownership Structure
The new Senior Management Team of the Employee Ownership Trust

The growth of People 1st over 30 years into an Employee Ownership Trust.

People 1st has been successfully led by its current Directors, overseeing a dedicated team of 90+ staff. Over the years, the company has experienced remarkable growth, expanding from its roots in West Belfast to encompass ten locations across Belfast, Lisburn, Portadown, Lurgan, Newry, Letterkenny, Buncrana, and Dungloe.

Bernie Daly, Managing Director of People 1st, expressed her excitement about the transition, stating,

“We are delighted that 100% ownership will be given to our staff, allowing them to share in the future success of the organisation. This new chapter also opens doors for staff succession and growth opportunities. It has been an amazing journey of development, and I have no doubt that the company will continue to go from strength to strength.”
Employee Ownership Trust- People 1st Embarks on Exciting New Ownership Structure
People 1st team join together to celebrate they are now part of an Employee Ownership Trust

People 1st team join together to celebrate the news that they are to become an Employee Ownership Trust as of June 2024.

The move to an Employee Ownership Trust reflects People 1st’s commitment to fostering a culture of inclusivity, collaboration, and shared prosperity. By empowering its employees as stakeholders in the business, the organisation is poised to embark on a new era of innovation and sustainable growth.

You can read more here about an Employee Ownership Trust here on the HMRC website https://assets.publishing.service.gov.uk/media/5a7cceb640f0b65b3de0b497/bis-13-939-moving-to-employee-ownership-guide-for-employees.pdf

About People 1st

DFPF Ltd, known as People 1st, is an award-winning training organisation established in 2002. As a leader in the field, People 1st provides vocational and bespoke training solutions and consultancy services to statutory, non-statutory, and voluntary organisations across Northern Ireland and the Republic of Ireland. With a commitment to excellence and client satisfaction, People 1st has grown from strength to strength, expanding its reach to encompass ten locations and earning recognition for its innovative approach to workforce development. You can find out more about the company here in our About us page https://people-1st.co.uk/about/.

The People 1st team look forward to moving forward together and ensuring more successful growth as an entity under this new structure of Employee Ownership Trust!

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