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EO Glossary
EO (Employee Owned) - Cheetham Jackson is an employee-owned business, meaning the company is owned in majority by its employees rather than external shareholders. Through an employee ownership trust structure, the business is held for the long-term benefit of its people. This ensures that decisions are made with a focus on sustainable growth, client service excellence, and the wellbeing of the team. As an employee-owned firm, everyone at Cheetham Jackson has a shared interest in the company’s success, fostering greater collaboration, accountability, and commitment to delivering outstanding results for clients.
EVG (Employee Voice Group) - The Employee Voice Group at Cheetham Jackson is a representative forum made up of randomly selected employees from across the business. Meeting quarterly, the group provides an open and structured space to discuss key topics affecting the company, share feedback, and contribute ideas for improvement. The Employee Voice Group plays an important role in ensuring colleagues from all areas of the organisation have a direct voice in conversations about performance, culture, strategy, and future direction.
EOT (Employee Owned Trust) - Financial Freedom at Cheetham Jackson refers to the transition period during which the business uses its profits to pay off the existing shareholders as part of its move to employee ownership. In the case of Cheetham Jackson, once this process is complete, the employee owners will own 51% of the shares through the employee ownership structure. This approach ensures that future profits can be fully reinvested into the employee-owned (EO) business, supporting sustainable growth, strengthening financial stability, rewarding employees, and enhancing long-term opportunities for both colleagues and clients. Financial Freedom represents a key milestone in securing Cheetham Jackson’s independence and long-term future as an employee-owned organisation.
Financial Freedom - The Employee Ownership Trust is the legal structure through which Cheetham Jackson is owned on behalf of its employees. Rather than shares being held by external shareholders, the Trust holds shares for the long-term benefit of all employees, supporting the company’s commitment to sustainable, employee-led ownership. The EOT is overseen by a Trust Board, whose role is to act in the best interests of the employees as a whole. The Board is responsible for matters relating to the company’s ownership structure, including overseeing the transition to full employee ownership and key milestones such as Financial Freedom Day. The EOT helps safeguard the independence, stability, and long-term future of Cheetham Jackson as an employee-owned business.
EO Profit Share - The EO Profit Share is a discretionary annual bonus paid to employees each November, based on the company’s performance over the financial year. As an employee-owned business, this profit share reflects the shared contribution of colleagues to the overall success of Cheetham Jackson. The payment is exempt from income tax and pension contributions, making it a tax-efficient benefit. However, National Insurance contributions and Student Loan repayments (where applicable) are still deducted. The EO Profit Share is a key part of Cheetham Jackson’s employee ownership model, ensuring that success is shared fairly and transparently across the business.
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