Since moving into Employee Ownership, three out of the past five years have delivered record returns for Merlin
5 Year Celebrations / Employee Director Role
On 26th August, the team at Merlin celebrated 5 years of employee ownership spending the Friday afternoon enjoying a celebratory lunch at the Parklands Hotel in Perth. It was not possible for the beneficiaries based in America, Australia, Malaysia, Poland, and France to join in person, but all were sent a gift to mark the occasion.
The previous week, an internal ballot was conducted to select Merlin’s new Employee Director. Merlin’s Engineering Director, Neil Armstrong, had just completed the maximum two terms in the role, which meant that a new representative had to be appointed. It is the responsibility of the Employee Director to ensure that the employees are represented at board level, in relation to business strategy and company oversight. Following a tie during the first ballot, Stewart McGregor, Merlin’s Technical Development Director received a marginally higher percentage of the votes in the second ballot and was duly elected as the new Employee Director.
The Merlin founders, employee ownership trustees, and trust beneficiaries pictured above.
Representing The Team At Board Level
Commenting, Neil said “It has been a pleasure sitting on the board as the Employee Director since the business moved into employee ownership. It has been an eventful and interesting period for the business and the Board. I have learned a lot and will try to pass on as many of my lessons learned as possible to help Stu represent the employees at board level, while also fulfilling his legal responsibilities as a company director.”
Since moving into Employee Ownership, three out of the past five years have delivered record returns, with revenue in 2020 and 2021 reflective of the effect that the COVID19 pandemic had on global markets. 2022 is expected to surpass all previous years, as demand for services rebounds strongly. As an employee-owned business the team are aligned and motivated to grow the business and further develop Merlin’s service capability: in software development, geographical expansion, enhanced training delivery, and additional technical services.
The measure of success for the business in these ventures can be seen through the exceptional team at Merlin, delivering and continually affirming the positive attributes of employee ownership.
