Mon, 18 Nov 2024 | BUSINESS SALE
Essex-based healthcare recruitment agency Athona has put a spring in the step of its staff by becoming employee owned. That means that the company is now majority owned by its around 100 employees via an Employee Ownership Trust.
Brentwood-based Athona, founded in 2003, has, according to the company, established itself as a trusted leader in healthcare recruitment, serving both the NHS and private sectors. It has extensive experience in placing temporary, permanent, and contract staff across the UK and ‘is committed to meeting the unique staffing requirements of its clients while also helping candidates find roles that perfectly match their skills and career aspirations’.
It initially focused on recruiting doctors, but now supports a range of roles such as nurses and Allied Health Professionals on a locum, permanent and contract basis.
Athona said that the move marked a significant milestone in its journey, highlighted its commitment to its employees and ‘enhanced its potential for long-term growth’.
Stewart London, Founder and Chairman of Athona, said: “We are thrilled about the future of Athona as we transition to an Employee Ownership Trust. This step reflects our long-standing commitment to our employees, who have always been at the heart of our success. The move will not only benefit our employees but also strengthen our company culture and preserve the values that have driven our achievements.”
To ensure a smooth transition, the company said it will work closely with its employees, providing education on the EOT model and its long-term benefits, ‘ensuring everyone is well-equipped for this exciting new chapter’.
The company reported a turnover of £60 million in its last results for the year to July 31, 2023. This was up by a fifth on the same period in 2022. Pre-tax profit came in at £1.8 million, up from £1.5 million.
Athona said that it had been helped by demand from the private sector and that it had increased its market share in both its doctors and nurses division.
More generally the NHS is suffering from a staff shortage with, according to The King’s Fund about 111,000 posts currently unfilled.
Find out more about the increasing popularity of employee ownership trusts
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
Offers sought for the business and assets of a group of Hearing and Ear care Clinics operating across three locations in London and Sussex. The business provides complete end-to-end hear care services to clients, which include Hearing Tests and Aids,...
LEASEHOLD
This territory is one of the highest-profile and successful facilities in the UK. The team are passionate about the business and the outstanding care they provide and will support the new owners with the continued growth of the brand.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.