When you’re considering your agency's exit strategy, there’s a lot to choose from.
For Torchbox, a digital product agency for non-profits, an employee ownership trust (EOT) was the perfect fit.
As always, there’s a lot of legal stuff to go through, including valuing the business – something that usually would come from prospective offers in a trade sale.
Torchbox set out on its EOT journey with the aim of implementing changes within the standard five-year window. However, by May 2022 they’ll have completed the process, taking them to just two and a half years.
Join us as we talk to James Leavesley about Torchbox’s EOT adventure. We'll hear why it was the right fit for them, and why it might even be the right fit for your agency too.