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Curium Solutions, the Birmingham-based specialist in business change, is setting up an employee-owned trust, which will own a majority stake in the company.
The company was formed in 2008 by co-founders Adam Farrow, James Farrow and Andy Dawson.
Adam Farrow said: “Our team has always been central to the success of Curium. After such a successful year against such a challenging market backdrop, we decided that now was the right time to move to this new model, recognising the immense contribution that every employee makes to our success.
“Apart from setting up the trust, nothing else will change. The team and board remain the same, backed by our ambition to grow, develop new services and support many more customers for years to come.”
He added: “This new structure gives us a very firm and secure platform for growing Curium in the future. The interests of the team, ourselves and our customers remain perfectly aligned. We’ve always believed that looking after your team is the best way of ensuring that you will deliver the best outcomes for your customers.”
Dawson added: “Everyone is excited by the opportunity to grow the business and take advantage of the many opportunities that are unfolding as the world unpauses.”
Emma Taylor, chief people officer and board director, said: “The EOT is perfect for us for many reasons but for me it’s how it enhances our already very strong team culture. We already benefit from our team acting and behaving like they own our business. Now they do and will be directly rewarded accordingly. We’re rolling up our sleeves and are very excited about the future.”
RSM advised Curium.
Mark Taylor, regional managing partner, said: “We are absolutely delighted to have supported the Curium management team with this project. Our specialist team are seeing an increased amount of work on EOT projects as more and more businesses are attracted to this model of ownership. It was great to put in place a structure that supports the growth plan of such an exciting local business.”