Today is Employee Ownership Day (EO Day) and to celebrate, we have thrown a party for all 226 of our stakeholders at our Corby HQ!
Employee-owned means just that: the employees of the company own the business (a bit like John Lewis).
We are super proud to be one of a few employee-owned businesses in Northamptonshire. We became a 100 per cent employee-owned business in 2014, which means we can offer great benefits to all our stakeholders. (That’s all the fantastic people who work at our head office).
This year we are celebrating our 35th anniversary - yep we have quite a heritage! “We are delighted to be celebrating 35 years and couldn’t be prouder of all the achievements the brand has made leading us to this major milestone,” said our Managing Director, Chris McDermott.
“The fact that this new chapter has begun with us hitting a high of 6,000 people selling our products in the UK is testament to the fantastic work of our team in Corby.
“As The 1:1 Diet by Cambridge Weight Plan is an employee-owned business, I take my responsibilities in leading such a business very seriously. I want to ensure that what we are building something in Corby that is not only successful now, but will still be around in 20 or 30 years’ time.”
And it’s a double celebration as The Employee Ownership Association celebrates 40 years of employee ownership in the UK.
Deb Oxley, CEO for the Employee Ownership Association, said: “Companies such as The 1:1 Diet by Cambridge Weight Plan are great examples of the economic and social benefits that can be achieved in an employee-owned environment. This is why we celebrate the impacts of employee ownership on the individual, the business and the communities in which they are based.”
So what is EO Day?
EO Day was introduced to raise awareness of employee ownership and show just have great this business model really is. Here are a few facts:
- The benefits of employee ownership have shown some UK employee-owned companies contribute more than £30 billion to the UK economy annually
- Employee-owners have higher levels of job satisfaction, feel a greater sense of achievement and job security, and are more likely to recommend their workplace than employees in non-employee owned businesses
- Employee owned businesses operate in a range of sectors including healthcare, social care, education, transport, manufacturing, retail and professional services.
Happy EO day everyone!