Lakeland Care transitions to Employee Ownership
Lakeland Care & Support Services Limited is now an Employee-Owned Enterprise, joining the ranks of organisations such as John Lewis PLC, which originally pioneered the employee -owned business model.
Chief Executive Officer Marge Smyth, who founded Lakeland Care in 2008, expressed her enthusiasm about the transition: “This business model seemed like the obvious choice when I was planning for retirement. Employee ownership incentivises our staff to ensure the business thrives long into the future and preserves the high-quality reputation we have built over the past 16 years. This model aligns perfectly with the ethos and values we have worked hard to instil in our company culture.”
Marge emphasised that the move to employee ownership will not only safeguard the company’s legacy but also drive its continued success. “I can retire knowing the business is in safe hands and will continue to grow and strengthen. Employees will be encouraged to contribute to our success and have a real voice in the company’s operations. They will also enjoy direct benefits, such as tax-free bonuses and improved terms and conditions,” she added.
With this transition, Lakeland Care & Support Services Limited joins a growing number of employee-owned businesses in the UK, setting a forward-thinking example in the homecare industry.
