Middleton Hall near Darlington has become the first UK retirement village to be owned by its staff.
The award winning business has followed the likes of John Lewis and Waitrose in becoming an Employee Ownership Trust in order to safeguard its long-term future and high quality facilities.
Middleton Hall managing director, Jeremy Walford, said: “In a business world where capitalism and especially social care businesses often have a bad name, an Employee Ownership Trust offers a different model of how a truly caring company can operate, so my personal decision was easy.
“It should sustain Middleton Hall for the long term, ensure continued re-investment, high staff engagement and customer focus. That is far more important to me than the personal wealth from selling the company to a third party.”
Gail Jones, who has worked for Middleton Hall for over six years, was recently elected as one of two new Employee Trustees of the Company with Sheenagh Young, Care Manager of Middleton Oaks fulfilling the role of the other Trustee.
Gail said: “This is a really exciting time for all of us at Middleton Hall. I feel employee ownership offers great security for both staff and residents alike and truly illustrates that employees are the company’s number one asset.”
Middleton Hall is rated ‘outstanding’ in all five categories by the CQC and won the Skills for Care ‘Best Employer of the Year’ Accolade award in 2018 as well as achieving the prestigious Investors in People Platinum accreditation, an accolade only 0.5% of accredited businesses have achieved.