We are delighted to have supported Stockport-based market research agency, DJS Research, in becoming Employee Owned.
Specialising in qualitative and quantitative research services, the £6.3m turnover agency has established a new employee ownership trust (EOT), which will now own the majority of the business.
The deal secures the future independence of the firm, which was founded in 2001. Directors Daniel and Ali Sims will remain with DJS as part of the agency’s long-term succession plan, having sold their majority share. The EOT will see the agency’s team of experienced research directors continue to look after a global client-base spanning private, public and charity sectors, as it reshapes its senior leadership team for the future.
The deal was led by our Managing Partner and Head of Corporate Finance Andrew Baggott, who commented “Having worked with the business and Danny and Ali for seven years as their business has grown and developed, I am delighted that Danny and Ali’s vision has come to fruition in becoming employee owned. This route for themselves and for the company was a perfect fit with their strategy, and for the future of the business and all associated with it.”
Brabners solicitors provided the legal advice, led by partner Stephen Hadlow.
Danny Sims, Chairman of DJS Research commented “We are so proud of the company we have created and how it has grown and evolved, and it’s really important that we protect its legacy and ensure it remains independent for many years to come. Employee ownership is a way to do this; it’s progressive and forward-thinking and offers a way to give back to our incredible and talented workforce who have made DJS Research everything it is today.”
“Having worked with Clarke Nicklin for the past seven years we were confident we had the best team for the job to guide us through the process. The company is going from strength to strength and our 20th anniversary is the perfect time to start our exciting new chapter. We will continue to listen to our staff even more than before and deliver excellent research while showing our clients the value of an employee-owned company through everything we do.”