ADLIB becomes 100% employee-owned
ADLIB, a B Corp certified recruitment business based in Bristol has become one of a handful of recruitment agencies in the UK to transfer 100% of its business to its employees. The company provides recruitment solutions across several core sectors, including Technology, Data, Engineering, Science, Sustainability, eCommerce, Marketing and Design. The business works with all manner of clients, from start-ups and scale-ups, through to global brands across the UK and increasingly overseas.
The Employee Trust will work alongside ADLIB’s Directors, to oversee strategy and growth, with an emphasis on ensuring that the business’s sense of purpose and values remains paramount.
ADLIB’s major shareholder, Nick Dean, will remain part of the Trust for the foreseeable future, whilst staff will play an increased role in directing business profits and inputting into the running of the business via the Trust, a model similar to that of the John Lewis Partnership.
A share ownership scheme will provide each and every employee access to share options based on length of service and responsibility. New employees will also be eligible to access the scheme and take advantage of a reward and ownership model that will significantly boost their earning potential, whilst creating a deeper sense of purpose and engagement.
Nick Dean “Over recent years we’ve been considering the future of ADLIB. We’ve always felt it would be a challenge to find a suitable buyer who would retain ADLIB’s ethos, substantiated by our B Corp certification in 2019, and the drive to balance profit and purpose. The most important factor was retaining our independence and the flexibility to invest into our growth, whilst ensuring we retain our B Corp certification. By far the best solution to ensure ADLIB has a long standing future, was to hand over the business to the people we know and have helped create it into what it is today, whilst adding an additional layer of employee attraction for those who will help spearhead our next phase of growth.