UK-based consulting firm, Babel PR, is now an employee-owned organization after a major restructuring. The former Managing Director, Jenny Mowat, is now CEO, marking a new phase in the company’s journey.
The majority of the firm’s shares are held by a recently established Employee Ownership Trust (EOT), with co-founder Narelle Morrison remaining as the largest private shareholder. Meanwhile, co-founder Ian Hood will transition into a strategic executive advisory role. Despite these changes, the firm’s growth objectives remain a priority.
The creation of the EOT signals an important milestone for Babel PR, serving to create an inclusive and participatory working environment. The company’s co-founders attribute their success to their devoted team and believe the new EOT setup, giving employees a share in the company, will aid in financial growth and foster a deeper sense of engagement and empowerment.
Babel PR’s shift to employee ownership
The ultimate aim is to keep skillful staff members onboard in a time when employee retention is crucial.
Babel PR co-founders view the EOT’s debut as a recognition of the team’s dedication to delivering distinguished campaigns. They have faith in Jenny Mowat’s leadership as the company embarks on its next era of growth.
CEO, Mowat believes the restructuring reflects Babel’s corporate culture of prioritizing team and client commitment. She anticipates a promising future within the business-to-business communication industry, where purpose trumps profit.
In recent times, Babel PR has bolstered its senior management team and enjoyed significant income growth through cooperation with elite clients. These successes, facilitated by Cooper Cavendish LLP among others, have been instrumental in the transition to the employee trust model. As a result, innovation and collaboration have been enhanced across all levels of the organisation, serving to fortify Babel PR’s future.
Despite recent challenges, the firm has had a productive fiscal year, solidifying its position in the PR industry. Looking ahead, Babel PR is set to capitalize on these successes and seize further opportunities.
