Focus Group makes employees shareholders

Focus Group has handed shares in the company to nearly 200 of its employees. The business confirmed that 185 of its employees have taken the opportunity to join the Save As You Earn (SAYE) share scheme for 2021.

This means that over 50 per cent of eligible staff now hold equity in Focus Group, which has its headquarters in Sussex and eight regional offices across the UK.

Chris Goodman, co-founder and director of Focus Group (pictured), said, “Our people have been at the heart of our success since we founded the business back in 2003 so we’re very excited to have launched My Focus Fund. The scheme gives staff the opportunity to participate in the future growth in the company and share our success financially, via share option arrangements.

“It’s about creating a connected culture – a connection to our mission, our vision and values, our community and each other. I’ve always dreamt of being in a position to launch this scheme and to enable our people to share in our ongoing success.”

Focus Group launched the scheme after the business announced its revenue is set to grow from £79m in 2020 to an expected £116m in 2021. Despite the impact of lockdowns in the first quarter of 2021 and significant investment in people with the recruitment of over 70 new employees, the business will see EBITDA grow from £13.5m in 2020, to £18.5m in 2021.

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Charlotte Hathway

Charlotte is the editor of Comms Business and writes content to inform and educate the Channel about the latest technology and business developments. Got a story? Get in touch – charlotte.hathway@markallengroup.com.

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