Nov 8, 2023
Nov 9, 2023
General
General News
CFO Network

PRATAP PARTNERSHIP TRANSITION TO BE EMPLOYEE OWNED

Nov 8, 2023
Nov 9, 2023
General News
General

PRATAP PARTNERSHIP TRANSITION TO BE EMPLOYEE OWNED

We are absolutely thrilled to announce that the ownership of Pratap Partnership has been transferred to an Employee Ownership Trust. This is wonderful news for our dedicated employees and our original shareholders.
We started our business in 2019 and have grown through investing in our team and growing to our current size of 20. Central to our core values is the high regard we hold for our team with our track record in attracting, nurturing, and retaining exceptional talent a testament to our success. The strong loyalty of our team makes the decision to entrust them with ownership a logical one, providing us with a robust foundation for our long-term future.

Nik Pratap commented “Establishing Pratap Partnership with the other shareholders has been the proudest achievement of my career so far. The process of nurturing and expanding our current team has deepened that sense of accomplishment. Completing this transaction to place the ownership of the company in the hands of our employees is an achievement that is hard to put into words. It has been the most rewarding and exciting experience that I can imagine”.

“We have had a lot of fun building our brand, developing our strategy and working with our clients & candidates. This change will allow us to continue with our forward momentum”

“The experience of going through the EOT transaction has allowed me to think a lot more about our future legacy, our purpose and to develop a business that continues to create value for our team, our clients and candidates for many years to come.”

Karen Caswell is one of our longest serving employees and will step up to be a Director of our EOT. Karen commented “I have worked with Nik for 10 years. He was/is well-liked and respected across our network and for good reason. He is very knowledgeable, honest and transparent, and it is easy to see why people have worked for/with him for so long. I was keen to continue working with Nik as I felt it would benefit me longer term in many ways: flexibility, autonomy, new opportunities etc.”

“We have a brilliant team at Pratap Partnership, everyone works together and supports each other, both professionally and personally, and the EOT pays a testament to the hard work, determination and drive of all the employees who all have the same goal: to provide a top tier service to all clients and candidates”.

We have had some precious advice from some quarters from across our network over the past few weeks. Very special thanks to our advisers at Shorts – Adam Ames and Andy Irvine and at Knights – Russell Bainbridge and Paul Trudgill.
Andy Irvine, Audit Partner commented: "We are delighted to have helped advise Nik and the rest of the shareholders with the transfer of the company into employee ownership. This is an important milestone in the ongoing development of the business and we look forward to helping the company in the next stage of its journey".
Nik Pratap
Lorraine Pratap
Elise Walsh
Gillian McBride
Nicola Worrow
Amanda O’Neill
Karen Caswell
Dale Spink
Charlotte Morgan-Smith
Gemma Hutchinson
Jess Lister
Alex Mostyn-Jones
Alex Mostyn-Jones
Claire Screeton
Claire Screeton
Euan Begbie
Euan Begbie
Marie Carroll
Marie Carroll
Lucy Miles
Nicola Beach

Other articles